Lifson v. Commissioner
United States Board of Tax Appeals
One on the cash basis who bought a sheriff's certificate for Minnesota real property in August 1933 and paid the 1933 taxes in 1934, may not deduct the amount as taxes paid in 1934, since such amount is by Minnesota law a lien on May 1, 1933, and is to be regarded as part of the cost of the property.
1Opinion of the Court
CARL K. LIFSON, ADMINISTRATOR OF THE ESTATE OF BENJAMIN LIFSON, DECEASED, AND SOPHIE LIFSON, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Lifson v. Commissioner
Docket No. 83314.
United States Board of Tax Appeals
36 B.T.A. 593; 1937 BTA LEXIS 688;
September 30, 1937, Promulgated
One on the cash basis who bought a sheriff's certificate for Minnesota real property in August 1933 and paid the 1933 taxes in 1934, may not deduct the amount as taxes paid in 1934, since such amount is by Minnesota law a lien on May 1, 1933, and is to be regarded as part of the cost of the property.
George…
2Cases cited7 opinions
- State v. Northwestern Telephone Exchange Co.Supreme Court of Minnesota · 1900
- Leamington Hotel Co. v. CommissionerUnited States Board of Tax Appeals · 1932
- Merle-Smith v. Minnesota Iron Co.Supreme Court of Minnesota · 1935
- Cloquet Coop. Society v. CommissionerUnited States Board of Tax Appeals · 1930
- National Bond & Security Co. v. HopkinsSupreme Court of Minnesota · 1905
2 more not listed; retrieve them via the Exa API.