Barber v. Commissioner
United States Tax Court
Held, under the facts of this case the respondent has the authority to allow a retroactive change of accounting method.
1Opinion of the Court
OPINION
Sterrett, Judge:
The respondent determined a deficiency of $4,152 in the petitioner’s Federal income tax for the calendar year 1971. Certain issues not having been raised in the petition, the sole issue presented requires our determination of the amount of income petitioner must report in 1971 as a result of his being a stockholder of Sure Quality Framing Contractors, Inc., an electing small business corporation.1 Resolution of this issue ultimately, and solely, depends upon whether the respondent has the authority to permit Sure Quality Framing Contractors, Inc., to change from one…
2Cases cited23 opinions
- Brown v. HelveringSupreme Court of the United States · 1934
- Haggar Co. v. Helvering, Com'r of Internal RevenueSupreme Court of the United States · 1940
- J. E. Riley Investment Co. v. CommissionerSupreme Court of the United States · 1940
- Pacific National Co. v. WelchSupreme Court of the United States · 1938
- United States v. CattoSupreme Court of the United States · 1966
18 more not listed; retrieve them via the Exa API.
3Cited by18 opinions
- FPL Group, Inc. v. CommissionerUnited States Tax Court · 2000
- Capitol Fed. Sav. & Loan Ass'n v. CommissionerUnited States Tax Court · 1991
- Diebold, Inc. v. United StatesUnited States Court of Claims · 1989
- Capital One Fin. Corp. v. Comm'rUnited States Tax Court · 2008
- Capital One Financial Corp. v. CommissionerCourt of Appeals for the Fourth Circuit · 2011
13 more not listed; retrieve them via the Exa API.