Speyer v. Commissioner
United States Board of Tax Appeals
1. On April 6, 1917, large amounts were due the petitioner, a citizen of the United States, by banks and bankers in Germany. In 1925, 1926, and 1927 the Mixed Claims Commission entered awards, aggregating the principal amount of about $1,000,000, in favor of the petitioner respecting the amounts owing to him. In 1928 the Secretary of the Treasury, pursuant to provisions of the Settlement of War Claims Act of 1928, paid a portion of the amount of the awards.
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1. On April 6, 1917, large amounts were due the petitioner, a citizen of the United States, by banks and bankers in Germany. In 1925, 1926, and 1927 the Mixed Claims Commission entered awards, aggregating the principal amount of about $1,000,000, in favor of the petitioner respecting the amounts owing to him. In 1928 the Secretary of the Treasury, pursuant to provisions of the Settlement of War Claims Act of 1928, paid a portion of the amount of the awards. Held, following Burnet v. Logan,283 U.S. 404, that the petitioner is entitled to recover his cost or other basis for each award before…
1Opinion of the Court
JAMES SPEYER, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Speyer v. Commissioner
Docket No. 56435.
United States Board of Tax Appeals
30 B.T.A. 517; 1934 BTA LEXIS 1302;
April 27, 1934, Promulgated
1. On April 6, 1917, large amounts were due the petitioner, a citizen of the United States, by banks and bankers in Germany. In 1925, 1926, and 1927 the Mixed Claims Commission entered awards, aggregating the principal amount of about $1,000,000, in favor of the petitioner respecting the amounts owing to him. In 1928 the Secretary of the Treasury, pursuant to provisions of the Settlement…
2Cases cited9 opinions
- 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
- Doyle v. Mitchell Brothers Co.Supreme Court of the United States · 1918
- Kornhauser v. United StatesSupreme Court of the United States · 1928
- Burnet v. LoganSupreme Court of the United States · 1931
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