Marks v. Commissioner

Board of Tax Appeals

Marks v. Commissioner

6 B.T.A. 729, 1927 BTA LEXIS 3423

CourtUnited States Board of Tax Appeals

DecidedApril 6, 1927

DocketDocket No. 7132.

StatusPublished

Cited by1 cases

This text of 6 B.T.A. 729 (Marks 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

Marks v. Commissioner, 6 B.T.A. 729, 1927 BTA LEXIS 3423 (bta 1927).

Pincite

Opinion

[730]*730OPINION.

TRAMmell :

The petitioner kept no books of account. Ho reported his income for 1920 on the basis of cash receipts and disbursements which, in view of all the facts, is the correct method of reporting his income. See Appeal of John A. Brander, 3 B. T. A. 231. During 1920 he did not receive the amount of $10,847.10 which the respondent has added to his taxable income for that year. Pie received only the amount of $18,200.75 of the earnings for 1920.

From all the evidence, we are of the opinion that the gross income of the petitioner in 1920, on the basis of cash receipts and disbursements, was $18,200.75.

Judgment will be entered on 15 days’ notice, under Bule 50.

Smith dissents.

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