Memorandum Findings of Fact and Opinion
The Commissioner determined a deficiency of $40,248.55 in petitioner's 1936 income tax, as a result of several adjustments. The petitioner assails the inclusion in his gross income of the value of 45,000 shares which is "explained" in the deficiency notice as follows:
It is held that the delivery to you during the taxable year 1936 of 45,000 shares of capital stock of Peerless Corporation pursuant to settlement of...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.