Nature of the Case
To access this section all you need to do is click here and register.
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.
Support@ bsmsphd.com
Casebriefs Co