Roberts v. Commissioner

DAVID B. ROBERTS, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

Roberts v. Commissioner

Docket Nos. 22483, 24527.

United States Board of Tax Appeals

19 B.T.A. 351; 1930 BTA LEXIS 2413;

March 21, 1930, Promulgated

Held that the cash paid for stock was its entire purchase price and that no part of the price was paid in services.

Charles J. Williamson, Esq., for the petitioner.

J. E. Marshall, Esq., and C. A. Ray, Esq., for the respondent.

TRAMMELL

The proceeding in Docket No. 24527 is for the redetermination of a deficiency in income tax of $2,339.77 for 1923. The only issue relates to the…