Hyplains Dressed Beef, Inc. v. Commissioner
United States Tax Court
Petitioner accrued officers' salaries but did not in actuality pay them within 2 1/2 months after the close of the taxable year. Held, sec. 267(a)(2), I.R.C. 1954, inapplicable; the amounts were constructively received by those entitled to them.
1Opinion of the Court
Hyplains Dressed Beef, Inc., Petitioner v. Commissioner of Internal Revenue, Respondent
Hyplains Dressed Beef, Inc. v. Commissioner
Docket No. 2559-68
United States Tax Court
56 T.C. 119; 1971 U.S. Tax Ct. LEXIS 146;
April 21, 1971, Filed
Decision will be entered under Rule 50.
Petitioner accrued officers' salaries but did not in actuality pay them within 2 1/2 months after the close of the taxable year. Held, sec. 267(a)(2), I.R.C. 1954, inapplicable; the amounts were constructively received by those entitled to them.
George Voss, for the petitioner.
G. Phil Harney, for the respondent.
Tietjens, Judge.
2Cases cited9 opinions
- Geiger & Peters, Inc. v. CommissionerUnited States Tax Court · 1957
- Ohio Battery & Ignition Co. v. CommissionerUnited States Tax Court · 1945
- Platt Trailer Co. v. CommissionerUnited States Tax Court · 1955
- Akron Welding & Spring Co. v. CommissionerUnited States Tax Court · 1948
- Young Door Co., Eastern Div. v. CommissionerUnited States Tax Court · 1963
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