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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