Warren Jones Company v. Commissioner of Internal Revenue

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• determining that Congress enacted the opt-out provision to alleviate the “hardships” associated with reporting an installment sale as the full fair market value of the property, received on the date contracted
• stating that under the doctrine a cash basis taxpayer must report income received in the form of property only if the property is a cash equivalent

Source: CourtListener parenthetical corpus (CC0).