Wolcott v. State Tax Commission

The taxpayer has appealed from a decision of the Appellate Tax Board sustaining the State tax commission’s refusal to abate additional income taxes1 assessed to her for 1955 and 1956.

The taxpayer in her 1955 return reported business gross receipts of $36.13, and a net loss from business of $1,812.08, *410to which she added $2,000, the maximum business income exemption granted to a widow without dependents under G. L. c. 62, § 5 (b), producing a minus figure of $3,812.08. She also reported gains, taxable under G. L. c. 62, § 5 (c), of $5,215.72 and income from dividends of $1,691.66, under § 1…