SoRelle v. Commissioner
United States Tax Court
1. A. W. SoRelle (referred to as SoRelle) was a farmer and rancher who used a hybrid method of accounting, to wit, cash receipts and disbursements basis plus the use of inventories. He valued his inventories of farm products and livestock (including ordinary beef cattle) pursuant to the "farm-price method," but apparently valued his inventory of breeding cattle pursuant to an average purchase cost method.
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1. A. W. SoRelle (referred to as SoRelle) was a farmer and rancher who used a hybrid method of accounting, to wit, cash receipts and disbursements basis plus the use of inventories. He valued his inventories of farm products and livestock (including ordinary beef cattle) pursuant to the "farm-price method," but apparently valued his inventory of breeding cattle pursuant to an average purchase cost method. Held: (a) Use of a hybrid accounting method, as he used it, is improper; the accrual method more clearly reflects SoRelle's income and must be used by him. Receipts for 1945 sales collected…
1Opinion of the Court
Elsie SoRelle, et al., 1 Petitioners, v. Commissioner of Internal Revenue, Respondent
SoRelle v. Commissioner
Docket Nos. 36218, 36411, 39789
United States Tax Court
22 T.C. 459; 1954 U.S. Tax Ct. LEXIS 190;
June 7, 1954, Filed June 7, 1954, Filed
Decisions will be entered under Rule 50.
1. A. W. SoRelle (referred to as SoRelle) was a farmer and rancher who used a hybrid method of accounting, to wit, cash receipts and disbursements basis plus the use of inventories. He valued his inventories of farm products and livestock (including ordinary beef cattle) pursuant to the "farm-price method," but…
2Cases cited37 opinions
- Cohan v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1930
- Helvering v. CliffordSupreme Court of the United States · 1940
- Helvering v. HorstSupreme Court of the United States · 1940
- United States v. AndersonSupreme Court of the United States · 1926
- Blair v. CommissionerSupreme Court of the United States · 1937
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