Braxton v. Commissioner
United States Board of Tax Appeals
A corporate dividend declared and payable in 1927, check for which was mailed in 1927 and received by the stockholder in 1928, held within stockholder's gross income of 1927. Commissioner v. Bingham, 35 Fed.(2d) 503, followed. Cecil Q. Adams,20 B.T.A. 243, distinguished.
1Opinion of the Court
*129OPINION.
Sternhagen :
The respondent détermined a deficiency of $211.15 in petitioner’s income tax for 1927, by adding to her income for that year $2,191.62 in corporate dividends declared and payable in 1927 and received by petitioner in 1928. The facts are submitted in the following stipulation:
1. The taxpayer is Mrs. Mary Miller Braxttm, an individual, residing at “ Eastwood,” East Main Street, Staunton, Virginia.
2. The petitioner keeps her accounts and reports her income on a cash receipts and disbursements basis.
3. In the determination of the deficiency of $211.15 for the taxable year…
2Cited by6 opinions
- Perry v. CommissionerUnited States Board of Tax Appeals · 1933
- Peck v. CommissionerUnited States Board of Tax Appeals · 1934
- Roddy v. CommissionerUnited States Board of Tax Appeals · 1934
- Braxton v. CommissionerUnited States Board of Tax Appeals · 1931
- Hopkins v. CommissionerUnited States Board of Tax Appeals · 1933
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