Cambridge Loan & Building Co. v. United States

BOOTH, Chief Justice.

The facts involved in this tax case are stipulated. The record presents but one question. The plaintiff is a domestic building and loan association, incorporated under the laws of Ohio. On September 18, 1924, the Commissioner of Internal Revenue assessed against the plaintiff income and excess profits taxes for the calendar years 1918 to 1923, inclusive, which, together with interest thereon, amounted to $16,783.97. On the same date the Commissioner also assessed against the plaintiff penalties in the total sum of $2,016.-41 for the years 1922 and 1923. The plaintiff on…