Leo Sheep Co. v. Schuster

KERR, District Judge.

Plaintiff taxpayer is a Wyoming corporation seeking to recover the sum of $2,964.49 in federal income taxes and interest thereon, allegedly erroneously assessed and collected by the government for the taxable years ended 1959 and 1960. The jurisdictional requirements are satisfied. The increased taxation resulted from the government’s disallowance of plaintiff’s write-down of five year old ewes from $11.00 to $6.50, and the consequent disallowance of the deduction of that amount in 1959 and 1960.

Since 1931 plaintiff had used the unit valuations of its livestock. The…