Appeal of Farmers & Merchants State Bank
Appeal of Farmers & Merchants State Bank
2 B.T.A. 130
Cases that cite this one
1 later published case cites this decision.
- Farmers & Merchants State Bank v. Commissioner (United States Board of Tax Appeals 1925)
This list shows which later cases cite this one. It does not say how they treated it, and no review of that has been done. Not a substitute for Shepard’s or KeyCite — verify before relying.
Opinion of the Court
The sum of $312.50 referred to in the findings was a balance remaining in connection with a capital stock transaction and does not constitute taxable income received by the taxpayer during 1920. The sum was erroneously included in net income, the correct taxable income being $6,381.41. The correct amount of the deficiency is $246.19.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.