Woodard v. Commissioner

Board of Tax Appeals

Woodard v. Commissioner

2 B.T.A. 432, 1925 BTA LEXIS 2407

CourtUnited States Board of Tax Appeals

DecidedSeptember 7, 1925

DocketDocket No. 1760.

StatusPublished

This text of 2 B.T.A. 432 (Woodard 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

Woodard v. Commissioner, 2 B.T.A. 432, 1925 BTA LEXIS 2407 (bta 1925).

Pincite

Opinion

This is an appeal from the determination of a deficiency in income tax for the year 1920 in the amount of $619.29.

The facts are presented by the pleadings from which the Board makes the following

FINDINGS OF FACT.

The taxpayer’s business address is Santa Rosa, N. Mex.

During the taxable year 1920 the taxpayer’s entire income was derived from certain separate property, being a legal one-third life interest in the estate of his deceased first .wife.

The income of the said estate was derived through royalties from oil and gas properties which it held.

The Commissioner has refused to allow the taxpayer a deduction of $13,254.07, for depletion of his alleged interest in the above-described oil and gas properties.

DECISION.

The determination of the Commissioner is approved.

Arundell not participating.

Free access — add to your briefcase to read the full text and ask questions with AI