FARR v. COMMISSIONER

Docket No. 11725.

11 T.C. 552 (1948)

MERTON E. FARR, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Promulgated October 7, 1948.


Attorney(s) appearing for the Case

Fred J. Shumann, Esq., and Robert J. Bird, Esq., for the petitioner.

Cecil H. Haas, Esq., for the respondent.


The Commissioner determined income tax deficiencies against petitioner for the taxable year ended December 31, 1940, in the amount of $31.50 and for the taxable year ended December 31, 1941, in the amount of $48,853.37. The principal question in this case arises from the different tax treatment accorded by petitioner and respondent to the sum of $114,878.77 reported by petitioner in his income tax return for 1941 as a long term capital gain received from the sale of 23 acres...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases