Case Name: Appeals of CHARLES H. THOMPSON, WILLIAM WHALEY, WILLIAM WHALEY, Trustee, and ROY V. MYERS
Court: United States Board of Tax Appeals
Jurisdiction: United States
Decision Date: 1925-07-10
Citations: 2 B.T.A. 285
Docket Number: Docket Nos. 1681-1683, 1733
Parties: Appeals of CHARLES H. THOMPSON, WILLIAM WHALEY, WILLIAM WHALEY, Trustee, and ROY V. MYERS.
Judges: Before IviNS, Maequette, and Moeeis.
Reporter: Reports of the United States Board of Tax Appeals
Volume: 2
Pages: 285–286

Head Matter:
Appeals of CHARLES H. THOMPSON, WILLIAM WHALEY, WILLIAM WHALEY, Trustee, and ROY V. MYERS.
Docket Nos. 1681-1683, 1733.
Submitted May 19, 1925.
Decided July 10, 1925.
G. M. Hash, G. P. A., for the taxpayers.
P. S. Oretoe, Esq., for the Commissioner.
Before IviNS, Maequette, and Moeeis.

Opinion:
OPINION.
Ivins:
The taxpayers had patents which, subsequent to 1913,
undoubtedly were of considerable value. We are inclined to believe that they may have had a substantial value on March 1, 1913, and that they may have cost the taxpayers a considerable sum to secure and develop prior to that date; but the taxpayers have adduced no competent evidence of value or of the cost of securing and developing the patents, and, in the absence of evidence upon which to reverse or modify the Commissioner's determination, we will not disturb it.