Memorandum Findings of Fact and Opinion
HARRON, Judge:
Respondent determined a deficiency in the income tax liability of the decedent in the amount of $1,147.24 for the year 1937. The only question is whether a distribution of a corporation in the amount of $17,505, received by the decedent during the taxable year, constituted a taxable dividend. Respondent determined that the entire amount was out of earnings and profits of the corporation accumulated after...
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