Baker v. Commissioner
United States Tax Court
Petitioner Neil K. Baker owned and operated a barter exchange. Held, trade units received as commissions on transactions occurring within the barter exchange are taxable to petitioner at a value of $ 1 each.
1Opinion of the Court
Neil K. Baker and Judy Baker, Petitioners v. Commissioner of Internal Revenue, Respondent
Baker v. Commissioner
Docket No. 10121-84
United States Tax Court
88 T.C. 1282; 1987 U.S. Tax Ct. LEXIS 71; 88 T.C. No. 71;
May 18, 1987. May 18, 1987, Filed
Decision will be entered under Rule 155.
Petitioner Neil K. Baker owned and operated a barter exchange. Held, trade units received as commissions on transactions occurring within the barter exchange are taxable to petitioner at a value of $ 1 each.
R. La Mar Bishop and Thomas A. Collins, for the petitioners.
Thomas N. Thompson, for the respondent.
Swift,…
2Cases cited9 opinions
- In the Matter of the Tax Liabilities of John Does, Members of the Columbus Trade Exchange in the Years 1977 and 1978 United States of AmericaCourt of Appeals for the Sixth Circuit · 1982
- Verlin W. And Anna Jo Koons v. United States of America, Charles H. And Cecelia Parker v. United StatesCourt of Appeals for the Ninth Circuit · 1963
- United States of America and Gerald R. Potocnak, Revenue Agent, Internal Revenue Service v. Pittsburgh Trade Exchange Inc. And Vincent E. ManellaCourt of Appeals for the Third Circuit · 1981
- Baker v. CommissionerUnited States Tax Court · 1987
- United States of America and Edward H. Jackson, Revenue Agent, Internal Revenue Service v. Herbert Gottlieb and the Florida Trade Exchange, Inc.Court of Appeals for the Eleventh Circuit · 1983
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