(DOWNLOAD) "Kane v. Commissioner of Internal Revenue." by United States Court of Appeals for the Second Circuit * eBook PDF Kindle ePub Free
eBook details
- Title: Kane v. Commissioner of Internal Revenue.
- Author : United States Court of Appeals for the Second Circuit
- Release Date : January 05, 1938
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 61 KB
Description
The petitioner was formerly the widow of Louis Heilbroner. She married again after his death and is now known as Helen W. Kane. In making up her report for income tax for the year 1930 she deducted the sum of $1,783.13 from her gross income.The deduction embraced the sum of $583.13 paid a tust company for commissions charged by it in collecting he income during that year, and $1,200 charged for office rent and the services of Miss Quinn, who acted as her bookkeeper. The deductions were claimed under Section 23(a) of the Revenue Act of 1928, 26 U.S.C.A. § 23(a) which provided that there shall be allowed as deductions: "All the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, * * * ." The deductions were disallowed by the Commissioner in a deficiency letter of March 1, 1933, in which he said that the taxpayer was "not engaged in business. The expenses in question are held to be personal."
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