The respondent determined a deficiency in the income tax of petitioner for the calendar year 1944 in the amount of $560.17. The sole question involved is whether or not the petitioner is entitled to deduct from his gross income the amount of $1,732.09 which he paid in the year 1944 to make good a portion of a cash shortage incurred by a committee, of which he was chairman, in connection with the sale of war bonds.
FINDINGS OF FACT.
Petitioner is an individual...
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.