Boudreau v. Commissioner
United States Board of Tax Appeals
FAIR MARKET VALUE - OIL PAYMENTS. - The question of whether an oil payment, contingent upon the production of oil, has a fair market value for the purpose of computing gain from the disposition of property is a question of fact. Here the evidence shows the fair market value of such an oil payment.
1Opinion of the Court
ROBERT J. BOUDREAU AND RUTH E. BOUDREAU, HUSBAND AND WIFE, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
WILMER J. BOUDREAU AND OPAL BOUDREAU, HUSBAND AND WIFE, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Boudreau v. Commissioner
Docket Nos. 101398, 101399.
United States Board of Tax Appeals
45 B.T.A. 390; 1941 BTA LEXIS 1126;
October 21, 1941, Promulgated
FAIR MARKET VALUE - OIL PAYMENTS. - The question of whether an oil payment, contingent upon the production of oil, has a fair market value for the purpose of computing gain from the disposition of property is a…
2Cases cited5 opinions
- Burnet v. LoganSupreme Court of the United States · 1931
- Edwards Drilling Co. v. CommissionerUnited States Board of Tax Appeals · 1937
- Boudreau v. CommissionerUnited States Board of Tax Appeals · 1941
- Dearing v. CommissionerUnited States Board of Tax Appeals · 1937
- Rocky Mountain Dev. Co. v. CommissionerUnited States Board of Tax Appeals · 1938