Jones v. Commissioner
United States Board of Tax Appeals
1. Value of certain bonds received by the petitioner in the taxable year determined. 2. Prior to March 1, 1913, petitioners rendered services to a corporation as its officers.
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1. Value of certain bonds received by the petitioner in the taxable year determined. 2. Prior to March 1, 1913, petitioners rendered services to a corporation as its officers. It was at all times understood that salaries were to be paid for such services, but the amount thereof was not determined until 1920. In 1920 petitioners received full payment for all salaries earned from 1903 until January 1, 1920. Held, that the amounts so received, which represented salaries earned prior to March 1, 1913, were income in 1920.
1Opinion of the Court
EDWARD S. JONES, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
SCRANTON TRUST CO. AND LOUISE E. W. JONES, EXECUTORS, ESTATE OF THOMAS E. JONES, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Jones v. Commissioner
Docket Nos. 7230, 7231.
United States Board of Tax Appeals
6 B.T.A. 1048; 1927 BTA LEXIS 3340;
April 26, 1927, Promulgated
1. Value of certain bonds received by the petitioner in the taxable year determined.
2. Prior to March 1, 1913, petitioners rendered services to a corporation as its officers. It was at all times understood that salaries were to be paid for…
2Cases cited7 opinions
- Lynch v. HornbySupreme Court of the United States · 1918
- Woods v. LewellynCourt of Appeals for the Third Circuit · 1918
- Hays v. Gauley Mountain Coal Co.Supreme Court of the United States · 1918
- Edwards v. KeithCourt of Appeals for the Second Circuit · 1916
- Jackson v. SmietankaCourt of Appeals for the Seventh Circuit · 1921
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