Barbas v. Commissioner
United States Board of Tax Appeals
In the absence of evidence as to inventory value on March 1, 1913, or whether the cost of goods was paid and deducted as an expense prior to the change, a taxpayer changing from a cash receipts and disbursements basis to an accrual basis will take up in income in the year for which such change is made the inventory as of the beginning of the year.
1Opinion of the Court
Appeal of JOHN G. BARBAS.
Barbas v. Commissioner
Docket No. 848.
United States Board of Tax Appeals
1 B.T.A. 589; 1925 BTA LEXIS 2869;
February 13, 1925, decided Submitted January 22, 1925.
In the absence of evidence as to inventory value on March 1, 1913, or whether the cost of goods was paid and deducted as an expense prior to the change, a taxpayer changing from a cash receipts and disbursements basis to an accrual basis will take up in income in the year for which such change is made the inventory as of the beginning of the year.
William J. Murray, C.P.A., for the taxpayer.
Robert A. Littleton,…
2Cases cited1 opinion
- Barbas v. CommissionerUnited States Board of Tax Appeals · 1925