Herold v. Commissioner
United States Board of Tax Appeals
1. Where a taxpayer entered into an agreement with a corporation relative to an oil lease upon lands in the State of Louisiana, by which the corporation was placed in possession of the lease, and agreed to operate it at its own expense so long as oil might be produced in paying quantities, and where, under the agreement, the corporation was entitled to all gas and casing-head gas and to 40 per cent of all the oil produced subject to certain deductions, and where the…
Read the full summary
1. Where a taxpayer entered into an agreement with a corporation relative to an oil lease upon lands in the State of Louisiana, by which the corporation was placed in possession of the lease, and agreed to operate it at its own expense so long as oil might be produced in paying quantities, and where, under the agreement, the corporation was entitled to all gas and casing-head gas and to 40 per cent of all the oil produced subject to certain deductions, and where the corporation paid to the taxpayer a large cash payment and agreed to pay him a further sum up to 60 per cent of the oil produced,…
1Opinion of the Court
S. L. HEROLD, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
MARY COLVIN THIGPEN, SURVIVING WIDOW AND SOLE HEIR OF J. A. THIGPEN, DECEASED, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
ESTATE OF MRS. GEORGE O. BAIRD, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
GEORGE O. BAIRD, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
MRS. S. L. HEROLD, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
MRS. J. A. THIGPEN, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Herold v. Commissioner
Docket Nos. 23104, 23574-23577,…
2Cases cited1 opinion
- Herold v. CommissionerUnited States Board of Tax Appeals · 1929