Farmers & Merchants State Bank v. Commissioner
2 B.T.A. 130, 1925 BTA LEXIS 2538
This text of 2 B.T.A. 130 (Farmers & Merchants State Bank v. Commissioner) is published on Counsel Stack Legal Research, covering United States Board of Tax Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Farmers & Merchants State Bank v. Commissioner, 2 B.T.A. 130, 1925 BTA LEXIS 2538 (bta 1925).
Opinion
[131]*131OPINION.
The sum of $312.50 referred to in the findings was a balance remaining in connection with a capital stock transaction and does not constitute taxable income received by the taxpayer during 1920. The sum was erroneously included in net income, the correct taxable income being $6,381.41. The correct amount of the deficiency is $246.19.
Free access — add to your briefcase to read the full text and ask questions with AI
Related
Appeal of Farmers & Merchants State Bank
2 B.T.A. 130 (Board of Tax Appeals, 1925)
Cite This Page — Counsel Stack
Bluebook (online)
2 B.T.A. 130, 1925 BTA LEXIS 2538, Counsel Stack Legal Research, https://law.counselstack.com/opinion/farmers-merchants-state-bank-v-commissioner-bta-1925.