Klauber Embroidery Works v. Commissioner

Board of Tax Appeals

Klauber Embroidery Works v. Commissioner

11 B.T.A. 779, 1928 BTA LEXIS 3724

CourtUnited States Board of Tax Appeals

DecidedApril 23, 1928

DocketDocket No. 12433.

StatusPublished

Cited by1 cases

This text of 11 B.T.A. 779 (Klauber Embroidery Works 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

Klauber Embroidery Works v. Commissioner, 11 B.T.A. 779, 1928 BTA LEXIS 3724 (bta 1928).

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Opinion

[780]*780OPINION.

Littleton:

Tile petitioner employed the accrual method of accounting and made its return upon that basis. The State taxes in question became due and were a fixed liability of petitioner on June SO, 1.920, notwithstanding petitioner had until December 10 within which to make payment. Tlie taxes, totaling $1,097.35, constituted a proper deduction from gross income for the fiscal year ending July 31, 1920. The Commissioner’s determination of the deficiency here in question was made within the statutory period of limitations as agreed upon by the petitioner and the Commissioner, and assessment and collection of any deficiency which may be due are not barred by the statute of limitations.

Judgment will he entered on 15 days'1 notice, under Rule 50.

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[780]*780OPINION.

Littleton:

Tile petitioner employed the accrual method of accounting and made its return upon that basis. The State taxes in question became due and were a fixed liability of petitioner on June SO, 1.920, notwithstanding petitioner had until December 10 within which to make payment. Tlie taxes, totaling $1,097.35, constituted a proper deduction from gross income for the fiscal year ending July 31, 1920. The Commissioner’s determination of the deficiency here in question was made within the statutory period of limitations as agreed upon by the petitioner and the Commissioner, and assessment and collection of any deficiency which may be due are not barred by the statute of limitations.

Judgment will he entered on 15 days'1 notice, under Rule 50.

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11 B.T.A. 779, 1928 BTA LEXIS 3724, Counsel Stack Legal Research, https://law.counselstack.com/opinion/klauber-embroidery-works-v-commissioner-bta-1928.

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