Rogers v. Commissioner
United States Board of Tax Appeals
Amounts received by owners of mineral rights as bonus upon execution of the lease to develop such rights on a royalty basis are income in their entirety at the dates received.
1Opinion of the Court
WESLEY G. ROGERS, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
BASCOM H. ROGERS, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Rogers v. Commissioner
Docket Nos. 41894, 41895.
United States Board of Tax Appeals
25 B.T.A. 492; 1932 BTA LEXIS 1521;
February 9, 1932, Promulgated
Amounts received by owners of mineral rights as bonus upon execution of the lease to develop such rights on a royalty basis are income in their entirety at the dates received.
Charles H. Garnett, Esq., for the petitioners.
Maxwell M. Mahany, Esq., for the respondent.
LANSDON
OPINION.
LANSDON: The…
2Cases cited1 opinion
- Rogers v. CommissionerUnited States Board of Tax Appeals · 1932