8 B.T.A. 1301
United States Board of Tax Appeals
Decided November 7, 1927
United States Board of Tax Appeals · decided 1927-11-07
A dividend payable on December 31, 1923, but not received until January 2, 1924, is 1924 income to stockholder making an incometax return upon a cash receipts and disbursements basis.
Cited by 2 later decisions — most recently January 1929
Relies on Bingham v. Commissioner
Good law ✅— No negative treatment on recordhow we know
Decided 1927-11-07
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¶2The facts in this case bring it squarely within the holding of the Board in Robert W. Bingham v. Commissioner, 8 B. T. A. 603, promulgated October 8, 1927. Following the reasoning of that decision it is held that the dividend was not income until actually received on January 2, 1924. Under the terms of the stipulation of the parties there is no deficiency.
¶3Eeviewed by the Board.
¶4Judgment will be entered for the petitioner.