JERTBERG, Circuit Judge.
The question presented by this petition for review of a decision of the Tax Court of the United States is whether petitioner's income for federal income tax purposes for the year 1950 is to be computed according to the straight accrual method of accounting, or by a method of accounting which is partly cash receipts and disbursements and partly accrual.
Specifically, the problem is whether amounts received by the petitioner in 1950...
Let's get started
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.