Memorandum Findings of Fact and Opinion
This proceeding involves a deficiency in income tax for the calendar year 1944 in the amount of $4,062.50.
The sole issue presented is whether a nonbusiness debt in the amount of $32,968.75 became worthless in 1944 and may be deducted by petitioner in that year under section 23(k)(4) of the Internal Revenue Code.
The facts are found from a stipulation of the parties and evidence offered at the trial of the...
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.