Hopkins v. Commissioner

WALTER HOPKINS, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

Hopkins v. Commissioner

Docket No. 50984.

United States Board of Tax Appeals

27 B.T.A. 1331; 1933 BTA LEXIS 1203;

April 28, 1933, Promulgated

John B. Peery, C.P.A., for the petitioner.

Philip A. Bayer, Esq., for the respondent.

MATTHEWS

This proceeding involves a deficiency in income tax for the year 1928 of $912.50, of which $900 is in controversy. Petitioner was a stockholder in one of two national banks which merged to form a new national bank, and the sole issue is whether stock in a securities corporation, acquired with…