Hoffman v. Commissioner
United States Tax Court
1. Respondent's determination of additional unreported taxable income by the cash expenditures method approved except as to individual items which the petitioner proved to be erroneous. 2. The petitioner maintained books and records for business activities on an accrual method of accounting and records as to nonbusiness activities, including rental of property, on the cash receipts and disbursements method.
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1. Respondent's determination of additional unreported taxable income by the cash expenditures method approved except as to individual items which the petitioner proved to be erroneous. 2. The petitioner maintained books and records for business activities on an accrual method of accounting and records as to nonbusiness activities, including rental of property, on the cash receipts and disbursements method. Held: That his rental income may be reported in his return on the cash method although his business income is reported on an accrual method. 3. In connection with his business of…
1Opinion of the Court
Robert C. Hoffman v. Commissioner.
Hoffman v. Commissioner
Docket No. 64405.
United States Tax Court
T.C. Memo 1960-160; 1960 Tax Ct. Memo LEXIS 129; 19 T.C.M. (CCH) 836; T.C.M. (RIA) 60160;
July 29, 1960
1. Respondent's determination of additional unreported taxable income by the cash expenditures method approved except as to individual items which the petitioner proved to be erroneous.
2. The petitioner maintained books and records for business activities on an accrual method of accounting and records as to nonbusiness activities, including rental of property, on the cash receipts and…
2Cases cited37 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Holland v. United StatesSupreme Court of the United States · 1955
- Cohan v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1930
- Helvering v. TaylorSupreme Court of the United States · 1935
- Wichita Term. El. Co. v. Commissioner of Int. R.Court of Appeals for the Tenth Circuit · 1947
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3Cited by10 opinions
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