United States Court of Claims November 7, 1927, No. E-317 (Chapman v. United States)

Moss, Judge,

delivered the opinion of the court:

Plaintiff, Edw,in N. Chapman, throughout the year 1917 was a member of the stock and bond brokerage firm of Chis*249holm & Chapman. He had no net income for that year, and paid no income tax. He did, however, show on the face of his tax return for that year a liability for an excess-profits tax amounting to $864.00, which was paid.