1925 BTA LEXIS 2225 | B.T.A. | 1925
Lead Opinion
This appeal is from the determination of a deficiency in income tax for the year 1918 in the amount of $210.88.
FINDINGS OF FACT.
In its income-tax return for 1918 the taxpayer reported a net income upon which a tax of $117.80 was assessed. It filed an amended return which showed a net loss for the year of $5,429.33. The Commissioner has audited the amended return and added to the gross income reported $9,280, representing an increase in the principal of the perpetual care fund and has disallowed the deduction from the gross income shown on the amended return of $888.30 for bad debts. The net income as adjusted is $4,738.97 and the income tax due thereon is $328.68. Since there was assessed on the original return $117.80, the deficiency determined by the Commissioner is $210.88.
The taxpayer was incorporated in the year 1888 under the laws of the then Territory, now State, of Washington. On December 1,
decision. .
The deficiency determined by the Commissioner is disallowed. Appeal of the Los Angeles Cemetery Association, 2 B. T. A. 495.