Johnson County Realty Co. v. Commissioner
United States Board of Tax Appeals
On Dember 28, 1935, the petitioner, which reports its income by the cash receipts and disbursements method, purchased real estate located in the State of Iowa. Under a provision of the Iowa Code the lien for estate taxes attaches in the case of a vendee on December 31 of each year. In 1936 the petitioner paid the 1935 taxes on the property purchased. Held, that it is
1Opinion of the Court
JOHNSON COUNTY REALTY COMPANY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Johnson County Realty Co. v. Commissioner
Docket No. 96314.
United States Board of Tax Appeals
44 B.T.A. 121; 1941 BTA LEXIS 1389;
April 8, 1941, Promulgated
On Dember 28, 1935, the petitioner, which reports its income by the cash receipts and disbursements method, purchased real estate located in the State of Iowa. Under a provision of the Iowa Code the lien for estate taxes attaches in the case of a vendee on December 31 of each year. In 1936 the petitioner paid the 1935 taxes on the property purchased.…
2Cases cited11 opinions
- Clinton v. ShugartSupreme Court of Iowa · 1904
- Nunngesser v. HartSupreme Court of Iowa · 1904
- California Sanitary Co. v. CommissionerUnited States Board of Tax Appeals · 1935
- Gates v. WirthSupreme Court of Iowa · 1917
- Texas Coca-Cola Bottling Co. v. CommissionerUnited States Board of Tax Appeals · 1934
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