# Farmers & Merchants State Bank v. Commissioner

> United States Board of Tax Appeals · June 23, 1925 · 2 B.T.A. 130

URL: https://www.frixlaw.com/law-library/cases/4490573

## Case

- **Full name:** APPEAL OF FARMERS & MERCHANTS STATE BANK.
- **Court:** United States Board of Tax Appeals
- **Decided:** June 23, 1925
- **Citations:** 2 B.T.A. 130; 1925 BTA LEXIS 2538
- **Precedential status:** Published
- **Opinion:** Opinion of the court by Graupner
- **Judges:** Phillips, Graupner, Trammell
- **Cited by:** 0 later opinions in the Frix Law Library

## Citator (automated)

- No negative treatment found by the automated citator. That is not the same as a confirmation that the case is good law; read the citing cases.
- Full citator and citing cases: https://www.frixlaw.com/law-library/cases/4490573

## Opinion text

*131 OPINION.
Graupner:
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.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/4490573. Public record. Not legal advice.