Hoover-Bond Co. v. Nauts

HAHN, District Judge.

The plaintiff brings its action against Charles H. Nauts,. collector of internal revenue, to recover the sum of $13,108.87, with interest from May 21, 1925. The plaintiff is engaged in the retail furniture business, approximately 80 per cent, of its sales being on the installment plan. For the year 1917 its corporation tax return was filed showing a net return of $31,750.96, and tax was paid thereon in the sum of $2,014.13. Plaintiff contends that this return was filed on the so-called installment basis. The Commissioner of Internal Revenue refused to allow this basis of…