Bingham v. Commissioner
United States Board of Tax Appeals
The petitioner regularly reported his income on the basis of cash received and disbursed. Various companies of which he was an ordinary stockholder declared dividends payable either on December 30 or 31, 1922, and mailed dividend checks to him on those days.
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The petitioner regularly reported his income on the basis of cash received and disbursed. Various companies of which he was an ordinary stockholder declared dividends payable either on December 30 or 31, 1922, and mailed dividend checks to him on those days. He was unable to receive these checks in the ordinary and usual course of business until 1923 and was not required by the provisions of section 201(e) of the Revenue Act of 1921 to report the amount of the dividends as part of his income for the calendar year 1922.
1Opinion of the Court
ROBERT W. BINGHAM, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Bingham v. Commissioner
Docket No. 8823.
United States Board of Tax Appeals
8 B.T.A. 603; 1927 BTA LEXIS 2831;
October 8, 1927, Promulgated
The petitioner regularly reported his income on the basis of cash received and disbursed. Various companies of which he was an ordinary stockholder declared dividends payable either on December 30 or 31, 1922, and mailed dividend checks to him on those days. He was unable to receive these checks in the ordinary and usual course of business until 1923 and was not required by the…
2Cases cited1 opinion
- Bingham v. CommissionerUnited States Board of Tax Appeals · 1927