State ex rel. Stern Milling Co. v. Tax Commission
Wisconsin Supreme Court
Appeals from orders of the circuit court for Dane county: E. Ray Stevens, Circuit Judge. Certiorari to review income tax assessments made by the Tax Commission.
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Appeals from orders of the circuit court for Dane county: E. Ray Stevens, Circuit Judge. Certiorari to review income tax assessments made by the Tax Commission. The relators herein are corporations, each keeping its accounts on a basis other than of actual-cash receipts and disbursements, each having a fiscal year ending on the 31st day of August, 1918, and each making return for assessment of its income on a basis other than of cash receipts and disbursements, to wit, on an accrual basis, with the consent of the Tax Commission. In reporting their incomes for the year ending August 31, 1918,…
1Opinion of the CourtOwen, J.
The precise question to be determined is this: May the relators, in making return of their income for the year ending August 31, 1918, anticipate the. amount of income taxes which the' federal government will later on assess against the income earned by them during such' period and deduct'the amount of such anticipated federal income taxes from their income earned during the year ending August 31, 1918? An answer to the question must *508depend upon a construction of our own statutes. Estate of Week, 169 Wis. 316, 172 N. W. 732. Sec. 1087m—1, Stats., provides as follows:
“There shall be assessed,…
2Cases cited3 opinions
- Pollock v. Farmers' Loan & Trust Co.Supreme Court of the United States · 1895
- State ex rel. Bolens v. FrearWisconsin Supreme Court · 1912
- State v. AndersonWisconsin Supreme Court · 1919
3Cited by7 opinions
- Shell Oil Co. v. BairSupreme Court of Iowa · 1987
- Fleischer v. Pelton Steel Co.Wisconsin Supreme Court · 1924
- State ex rel. Crucible Steel Casting Co. v. Wisconsin Tax CommissionWisconsin Supreme Court · 1925
- Milwaukee Gas Light Co. v. Department of TaxationWisconsin Supreme Court · 1964
- Motors Acceptance Co. v. Wisconsin Tax CommissionWisconsin Supreme Court · 1927
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