Peck v. Commissioner
United States Board of Tax Appeals
A dividend declared and payable in 1929 and paid by check mailed by the corporation in 1929, which is received in 1930 by a shareholder who makes his return on the receipts basis is within the shareholder's income for 1929.
1Opinion of the Court
FREDERICK S. PECK, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. 1
Peck v. Commissioner
Docket No. 63389.
United States Board of Tax Appeals
29 B.T.A. 872; 1934 BTA LEXIS 1471;
January 23, 1934, Promulgated
A dividend declared and payable in 1929 and paid by check mailed by the corporation in 1929, which is received in 1930 by a shareholder who makes his return on the receipts basis is within the shareholder's income for 1929.
L. G. Sutherland, C.P.A., for the petitioner.
Brooks Fullerton, Esq., for the respondent.
STERNHAGEN
OPINION.
STERNHAGEN: The respondent determined a deficiency of…
2Cases cited1 opinion
- Peck v. CommissionerUnited States Board of Tax Appeals · 1934