OPINION.
ARUNDELL, Judge:
The Commissioner determined a deficiency of $522.49 in petitioner's 1940 income tax liability. The taxpayer does not challenge the correctness of the three adjustments through which the deficiency arose, but claims an overpayment by reason of a deduction in the amount of $50,000 not claimed on her return.
The facts have been entirely stipulated by the parties. In so far as material to the issue, they are set out below...
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.