Forgeus v. Commissioner
United States Board of Tax Appeals
1. Certain expenditures held to be deductible as ordinary and necessary expenses. 2. Useful life of building determined. 3. Legal expenses paid in defending a suit arising out of a transaction directly connected with the petitioner's business are ordinary and necessary expenses and as such are deductible.
1Opinion of the Court
J. W. FORGEUS, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Forgeus v. Commissioner
Docket No. 2881.
United States Board of Tax Appeals
6 B.T.A. 291; 1927 BTA LEXIS 3557;
February 21, 1927, Promulgated
1. Certain expenditures held to be deductible as ordinary and necessary expenses.
2. Useful life of building determined.
3. Legal expenses paid in defending a suit arising out of a transaction directly connected with the petitioner's business are ordinary and necessary expenses and as such are deductible.
J. S. Lamson, Esq., and Fred D. Bullock, C.P.A., for the petitioner.
A. C. Mackay,…
2Cases cited1 opinion
- Forgeus v. CommissionerUnited States Board of Tax Appeals · 1927