Dortch v. Commissioner
United States Board of Tax Appeals
1. FRAUD. - In 1918 petitioner sold at a profit certain stock in a Norwegian steamship corporation. In making his 1918 tax return petitioner reserved 20 per cent of the sale price for Norwegian taxes which might be assessed against the corporation for the period prior to the sale and also upon the sale of the stock.
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1. FRAUD. - In 1918 petitioner sold at a profit certain stock in a Norwegian steamship corporation. In making his 1918 tax return petitioner reserved 20 per cent of the sale price for Norwegian taxes which might be assessed against the corporation for the period prior to the sale and also upon the sale of the stock. Held that petitioner did not file a false and fraudulent return with intent to evade tax. 2. STATUTE OF LIMITATIONS - WAIVER. - After the lapse of the 5-year statutory period and pursuant to the provisions of the Revenue Act of 1924, the petitioner and respondent executed a waiver…
1Opinion of the Court
J. B. DORTCH, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Dortch v. Commissioner
Docket No. 13806.
United States Board of Tax Appeals
19 B.T.A. 159; 1930 BTA LEXIS 2459;
February 28, 1930, Promulgated
1. FRAUD. - In 1918 petitioner sold at a profit certain stock in a Norwegian steamship corporation. In making his 1918 tax return petitioner reserved 20 per cent of the sale price for Norwegian taxes which might be assessed against the corporation for the period prior to the sale and also upon the sale of the stock. Held that petitioner did not file a false and fraudulent return with…
2Cases cited10 opinions
- Russell v. United StatesSupreme Court of the United States · 1929
- Bonwit Teller & Co. v. CommissionerUnited States Board of Tax Appeals · 1928
- Wells Bros. Co. v. CommissionerUnited States Board of Tax Appeals · 1929
- Carnation Milk Products Co. v. CommissionerUnited States Board of Tax Appeals · 1929
- Stevens v. CommissionerUnited States Board of Tax Appeals · 1929
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