1. Home
  2. Browse Decisions
  3. T.C.
  4. 25 T.C.
  5. 25 T.C. 81 (1955)
 

GILBERT v. COMMISSIONER

Docket No. 50459.

25 T.C. 81 (1955)

FRANK H. GILBERT AND HAZEL P. PETERSON, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed October 24, 1955.

Attorney(s) appearing for the Case

Louis McClennen, Esq., for the petitioners.

R. E. Maiden, Jr., Esq., for the respondent.

OPINION.

FISHER, Judge:

The respondent determined deficiencies in income tax against the petitioners for the taxable year 1949 in the amount of $47,603.77. The petitioners have asserted a claim for overpayment in the sum of $1,129.44. During the year 1949, petitioners were husband and wife and filed a joint income tax return for that year.

The questions presented are (1) whether or not petitioners may report the sale of stock on the installment...

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