Memorandum Findings of Fact and Opinion
These cases were consolidated for hearing and both involve income tax for the year 1940. The questions here involved are the determination of petitioners' basis for determining gain or loss as to certain stock sold by each of them in 1940 and whether the petitioner, Frederick W. Mayes, is subject to a delinquency penalty for failure to sign and verify his income tax return for 1940.
Findings of Fact
Petitioner...
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