Laurens Trust Co. v. Commissioner

Board of Tax Appeals

Laurens Trust Co. v. Commissioner

3 B.T.A. 331, 1926 BTA LEXIS 2704

CourtUnited States Board of Tax Appeals

DecidedJanuary 14, 1926

DocketDocket No. 3930.

StatusPublished

Cited by1 cases

This text of 3 B.T.A. 331 (Laurens Trust Co. 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

Laurens Trust Co. v. Commissioner, 3 B.T.A. 331, 1926 BTA LEXIS 2704 (bta 1926).

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Opinion

[332]*332DECISION.

In computing the deficiency in this appeal, bad debt deductions; should be allowed in the amount of $35,939.68, and there should be-included in gross income derived from the Simpson land transaction only the amount of the cash payment of $2,247.50. Otherwise, the, determination of the Commissioner is approved. Final determination will be settled upon 15 days’ notice, pursuant to Rule 50.

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[332]*332DECISION.

In computing the deficiency in this appeal, bad debt deductions; should be allowed in the amount of $35,939.68, and there should be-included in gross income derived from the Simpson land transaction only the amount of the cash payment of $2,247.50. Otherwise, the, determination of the Commissioner is approved. Final determination will be settled upon 15 days’ notice, pursuant to Rule 50.

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3 B.T.A. 331, 1926 BTA LEXIS 2704, Counsel Stack Legal Research, https://law.counselstack.com/opinion/laurens-trust-co-v-commissioner-bta-1926.

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