Parker v. Commissioner
United States Board of Tax Appeals
1. The Commissioner included interest from certain obligations of the United States in the decedent's taxable income for the year 1921. Held, that the Commissioner did not err in so doing, the obligations not being particularly described in the record nor the date of their issue shown, and that the interest thereon was exempt by virtue of the provisions of section 213(b)(4) of the Revenue Act of 1921. 2. For services rendered in the matter of consolidating certain businesses…
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1. The Commissioner included interest from certain obligations of the United States in the decedent's taxable income for the year 1921. Held, that the Commissioner did not err in so doing, the obligations not being particularly described in the record nor the date of their issue shown, and that the interest thereon was exempt by virtue of the provisions of section 213(b)(4) of the Revenue Act of 1921. 2. For services rendered in the matter of consolidating certain businesses and the organization of a corporation to effect such result, the decedent paid $10,000, and in computing net taxable…
1Opinion of the Court
CLARA B. PARKER, EXECUTRIX, ESTATE OF GEORGE D. PARKER, DECEASED, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Parker v. Commissioner
Docket Nos. 28374, 32369, 44396.
United States Board of Tax Appeals
30 B.T.A. 1231; 1934 BTA LEXIS 1204;
July 20, 1934, Promulgated
1. The Commissioner included interest from certain obligations of the United States in the decedent's taxable income for the year 1921. Held, that the Commissioner did not err in so doing, the obligations not being particularly described in the record nor the date of their issue shown, and that the interest thereon was…
2Cases cited1 opinion
- Parker v. CommissionerUnited States Board of Tax Appeals · 1934