Case: Appeal of FRED R. DRAKE
Abbreviation: Appeal of Drake
Decision Date: 1925-05-26
Docket Number: Docket No. 481
Citation: 1 B.T.A. 1235
Volume: 1
Reporter: Reports of the United States Board of Tax Appeals
Court: United States Board of Tax Appeals
Jurisdiction: United States
Parties: Appeal of FRED R. DRAKE.
Judges: Before Ivins, Marquette, and Morris.
Pages: 1235–1237

Head Matter:
Appeal of FRED R. DRAKE.
Docket No. 481.
Submitted April 6, 1925;
decided May 26, 1925.
T. McKeen Ohidsey, Esq., for the taxpayer.
Willis D. Nanee, Esq., for the Commissioner.
Before Ivins, Marquette, and Morris.

Opinion:
OPINION.
Morris:
The Board is of the opinion that Drake & Company was a partnership for the years in question. As the taxpayer kept no individual books the computation of his tax by the Commissioner on the calendar-year basis was proper under section 212 (b) of the Revenue Act of 1918, which provides, inter alia, that if the taxpayer has no annual accounting period or does not keep books his net income shall be computed on the basis of the calendar year.