Rogers v. Commissioner
United States Board of Tax Appeals
Amounts received by owners of mineral rights as bonus upon execution of the lease to develop such rights on a royalty basis are income in their entirety at the dates received.
1Opinion of the Court
OPINION.
Lansdon :
The petitioners herein are members in equal interest of a partnership. At Docket Nos. 41894 and 41895 the respondent has asserted deficiencies in income tax for the year 1926 against Wesley G. Rogers and Bascom II. Rogers in the respective amounts of $2,-*493062.70 and $2,044.19. Several assignments of error are made in each petition, but at the hearing all were abandoned except the allegation that the Commissioner erred in the inclusion of certain amounts received by the partnership as bonuses on oil and gas subleases. The two proceedings were consolidated for hearing and…
2Cases cited7 opinions
- Duff v. KeatonSupreme Court of Oklahoma · 1912
- Work v. United States Ex Rel. MosierSupreme Court of the United States · 1923
- Pierce Oil Corporation v. SchachtSupreme Court of Oklahoma · 1919
- Gypsy Oil Co. v. SchonwaldSupreme Court of Oklahoma · 1924
- Kimbley v. LuckeySupreme Court of Oklahoma · 1919
2 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Rogers v. CommissionerUnited States Board of Tax Appeals · 1932