CHARLES F. KAHLER V. COMMISSIONER 18 T.C. 31 (1952) CASE BRIEF

CHARLES F. KAHLER V. COMMISSIONER

18 T.C. 31 (1952)

NATURE OF THE CASE: This was a dispute over the year in which income was taxable.

FACTS: Kahler (P) got a check on December 31, 1946 after banking hours and as such P was unable to cash the check until the next year. P was a cash basis taxpayer. P claimed that the receipt of a check after banking hours on the last day of a taxable period by a cash basis taxpayer did not result in realization of income in that tax year.

ISSUE:

RULE OF LAW:

HOLDING AND DECISION:

LEGAL ANALYSIS:

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