Dulin v. Commissioner
United States Board of Tax Appeals
1. Petitioners filed their returns on calendar year forms, including therein as income for a given year the dividends received from March 15 of one year to March 15 of the following year. The respondent determined petitioners' net income on a calendar year basis and included the dividends as income for the respective years during which they were received.
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1. Petitioners filed their returns on calendar year forms, including therein as income for a given year the dividends received from March 15 of one year to March 15 of the following year. The respondent determined petitioners' net income on a calendar year basis and included the dividends as income for the respective years during which they were received. Held, that respondent's action was correct and is approved. 2. A wife was told by her husband in December, 1920, that he then gave her certain corporation stock and afterwards, in the same month, he handed the certificate, unendorsed, to the…
1Opinion of the Court
*1265OPINION.
Seawell :
In determining the issues here involved it is necessary to construe and apply the following statutes and regulations:
Section 212 (b) of the Revenue Acts of 1924 and 1926:(b) Tbe net income shall be computed upon the basis of the taxpayer’s annual accounting period (fiscal year or calendar year as the case may be) in accordance with the method of accounting regularly employed in keeping the books of such taxpayer; but if no such method of accounting has been so employed, or if the method employed does not clearly reflect the income, the computation shall be made in accordance…
2Cases cited12 opinions
- Allen-West Commission Co. v. GrumblesCourt of Appeals for the Eighth Circuit · 1904
- Chandler v. RoddyTennessee Supreme Court · 1931
- Bolton v. BoltonIllinois Supreme Court · 1923
- Chambers v. McCreeryCourt of Appeals for the Fourth Circuit · 1901
- Marshall v. RussellTennessee Supreme Court · 1893
7 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- Guest v. CommissionerUnited States Tax Court · 1981
- Apt v. BirminghamDistrict Court, N.D. Iowa · 1950
- Londen v. CommissionerUnited States Tax Court · 1965
- Ross v. CommissionerUnited States Board of Tax Appeals · 1933
- Varnell v. CommissionerUnited States Board of Tax Appeals · 1933
5 more not listed; retrieve them via the Exa API.