¶2This appeal was presented on behalf of the taxpayer in the same manner that the Appeal of John G. Barbas, 1 B. T. A. 589, was presented. The reasons for the decision in this case were given in our opinion in that appeal.
1 B.T.A. 611
Barbas v. Commissioner
United States Board of Tax Appeals
Decided February 25, 1925
United States Board of Tax Appeals · decided 1925-02-25
In the absence of evidence as to inventory value on March 1, 1913, or whether the cost of goods was paid and deducted as an expense prior to the change, a taxpayer changing from a cash receipts and disbursements basis to an accrual basis, will take up in income in the year for which such change is made the inventory as of the beginning of the year.
Relies on Barbas v. Commissioner
Decided 1925-02-25