[Download] "Johnson v. Commissioner of Internal Revenue" by United States Court of Appeals # eBook PDF Kindle ePub Free
eBook details
- Title: Johnson v. Commissioner of Internal Revenue
- Author : United States Court of Appeals
- Release Date : January 18, 1956
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 66 KB
Description
The principal question on this petition to review a decision of the Tax Court is whether amounts withheld by finance companies purchasing notes from taxpayer, an accrual basis trailer dealer, and set up and credited to his "dealers reserve" account on the companies books as reserves against possible losses, pursuant to agreements between the companies and taxpayer, should be considered taxable income to him (a) in the years in which they are so credited, or (b) in the years in which they become payable to him under the terms of the agreements.