Charles F. Kahler v. Commissioner
United States Tax Court
18 T.C. 31 (1952)
Relevant factsFree
Charles F. Kahler (plaintiff), a cash-basis taxpayer, received a check on December 31, 1946, but it was too late in the day to cash it at a bank before year-end. Kahler did not report the check as income for 1946.
IssueFree
Whether a cash-basis taxpayer realizes income upon receipt of a check even though the check was received too late to be cashed before the end of the tax year.