Hunt v. Commissioner

APPEAL OF W. J. HUNT.

Hunt v. Commissioner

Docket No. 5791.

United States Board of Tax Appeals

5 B.T.A. 356; 1926 BTA LEXIS 2895;

October 30, 1926, Decided

Held, on the evidence, that the dividend received by the petitioner was a cash dividend and not a stock dividend.

A. Lee Rawlings, C.P.A., for the petitioner.

Thomas P. Dudley, Jr., Esq., for the Commissioner.

TRAMMELL

This is an appeal from the determination of a deficiency in income tax for 1918 in the amount of $2,219.62. The deficiency arises from the action of the Commissioner in increasing the income reported by the petitioner on account of…