John F. McDonald Lumber Co. v. Commissioner
5 B.T.A. 731, 1926 BTA LEXIS 2788
United States Board of Tax Appeals·Decided December 8, 1926·No. Docket No. 5153.·Published·Cited by 1 cases
Opinion
[732] OPINION.
The officers’ salaries were authorized in 1918 for the year 1918. Since the petitioner kept its books on the accrual basis, it may not deduct in its 1919 return the salaries incurred in 1918 for that year. Appeal of Green Oil Soap Co., 3 B. T. A. 467.
Judgment will be entered for the Commissioner.
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John F. McDonald Lumber Co. v. Commissioner, 5 B.T.A. 731, 1926 BTA LEXIS 2788 (bta 1926).
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John F. McDonald Lumber Co. v. Commissioner
5 B.T.A. 731 (Board of Tax Appeals, 1926)