# Lynn Ideal Shoe Co. v. Commissioner

> United States Board of Tax Appeals · April 13, 1925 · 1 B.T.A. 998

URL: https://www.frixlaw.com/law-library/cases/4591589

## Case

- **Full name:** Appeal of LYNN IDEAL SHOE CO.
- **Court:** United States Board of Tax Appeals
- **Decided:** April 13, 1925
- **Citations:** 1 B.T.A. 998; 1925 BTA LEXIS 2718
- **Precedential status:** Published
- **Opinion:** Opinion
- **Judges:** Phillips, Tkussell, Smith
- **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/4591589

## Opinion text

Appeal of LYNN IDEAL SHOE CO.
Lynn Ideal Shoe Co. v. Commissioner
Docket No. 1699.
United States Board of Tax Appeals
1 B.T.A. 998 ; 1925 BTA LEXIS 2718 ;
April 13, 1925 , decided Submitted April 6, 1925 .
*2718 Samuel J. Stone, C.P.A., for the taxpayer.
Willis D. Nance, Esq., for the Commissioner.
*998 Before PHILLIPS, SMITH, and TRUSSELL.
The taxpayer appeals from an alleged deficiency in income and profits taxes for the year 1920, in the amount of $1,200.62. The question involved is the right of the taxpayer to deduct from the gross income of 1920, under section 204 of the Revenue Act of 1918, a net loss sustained for the period January 21 to December 31, 1919.
FINDINGS OF FACT.
The taxpayer was incorporated January 21, 1919, and sustained a net operating loss of $4,056.58 for the period January 21 to December 31, 1919.
DECISION.
In accordance with the decision in the , the determination of the Commissioner of a deficiency in tax for the year 1920, in the amount of $1,200.62, is approved.

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Source: Frix Law Library, https://www.frixlaw.com/law-library/cases/4591589. Public record. Not legal advice.