Olsen Water & Towing Co. v. Commissioner

Board of Tax Appeals

Olsen Water & Towing Co. v. Commissioner

1 B.T.A. 1149, 1925 BTA LEXIS 2643

CourtUnited States Board of Tax Appeals

DecidedMay 20, 1925

DocketDocket No. 1908.

StatusPublished

This text of 1 B.T.A. 1149 (Olsen Water & Towing 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

Olsen Water & Towing Co. v. Commissioner, 1 B.T.A. 1149, 1925 BTA LEXIS 2643 (bta 1925).

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Opinion

[1150]*1150DECISION.

The item of $7,031.60 should be treated as income for the year 1919, and should not be apportioned over the period of the charter. The deficiency should be recomputed in accordance with this decision and the admissions as set forth on the part of the Commissioner, in so far as such admissions are material. Final determination will be settled on consent or on ten days’ notice, in accordance with Rule 50.

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[1150]*1150DECISION.

The item of $7,031.60 should be treated as income for the year 1919, and should not be apportioned over the period of the charter. The deficiency should be recomputed in accordance with this decision and the admissions as set forth on the part of the Commissioner, in so far as such admissions are material. Final determination will be settled on consent or on ten days’ notice, in accordance with Rule 50.

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Bluebook (online)

1 B.T.A. 1149, 1925 BTA LEXIS 2643, Counsel Stack Legal Research, https://law.counselstack.com/opinion/olsen-water-towing-co-v-commissioner-bta-1925.

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