Haft v. Commissioner
United States Board of Tax Appeals
1. In the circumstances of this case, held, an amount received by an attorney for professional services rendered under a contract with the Attorney General of Illinois to conduct certain grand jury investigations in Cook County, Ill., is not exempt from income tax. 2. A corporation, having suffered certain losses prior to the taxable year in issue, charged the same off in said year and the petitioner and all other stockholders therein in the same year surrendered and had…
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1. In the circumstances of this case, held, an amount received by an attorney for professional services rendered under a contract with the Attorney General of Illinois to conduct certain grand jury investigations in Cook County, Ill., is not exempt from income tax. 2. A corporation, having suffered certain losses prior to the taxable year in issue, charged the same off in said year and the petitioner and all other stockholders therein in the same year surrendered and had canceled 50 per cent of their stock. Held, the petitioner, on account thereof, sustained no deductible loss in said taxable…
1Opinion of the Court
*434OPINION.
Seawell:
The issue with respect to the deficiency asserted for the year 1923 involves the question whether the amount of $10,100 received by the petitioner in that year from the commissioners of Cook County, Illinois, as compensation for legal services rendered in aiding the attorney general, under the circumstances set out in our findings of fact, constitutes taxable or nontaxable income.
The petitioner insists the amount ife exempt from Federal income tax and so treated the same in his 1923 tax return. The respondent upon audit of said return included the amount as taxable income and…
2Cases cited7 opinions
- Eisner v. MacOmberSupreme Court of the United States · 1920
- Lucas v. American Code Co.Supreme Court of the United States · 1930
- United States v. S. S. White Dental Manufacturing Co.Supreme Court of the United States · 1927
- Metcalf & Eddy v. MitchellSupreme Court of the United States · 1926
- Weiss v. WeinerSupreme Court of the United States · 1929
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3Cited by16 opinions
- Downer v. CommissionerUnited States Tax Court · 1967
- Smith v. CommissionerUnited States Tax Court · 1976
- Frantz v. CommissionerUnited States Tax Court · 1984
- Bed Rock Petroleum Co. v. CommissionerUnited States Board of Tax Appeals · 1933
- Duell v. CommissionerUnited States Tax Court · 1960
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