Ross v. Commissioner of Internal Revenue

FRANKFURTER, Circuit Justice.

Lewis H. Ross petitions for review of a decision of the Tax Court of the United States entered February 11, 1947, determining a deficiency of $6,611.15 in his income tax liability for the year 1939. This deficiency represents the tax due on amounts which, having been previously credited to petitioner’s account as salary in the years 1927 to 1932, inclusive, on the books of a corporation of which he owned half the common stock, were received by him in cash in the years 1939, 1940, and 1941.

Most of the facts are stipulated and adopted as findings of fact by the Tax…