The respondent determined a deficiency of $1,715.16 in the petitioner's income tax for 1944. The issues presented by the pleadings are (1) whether an amount of $25,000 received by the petitioner during the taxable year as an award for a plan submitted by him in a competition conducted by a business corporation was compensation or a gift, and (2) whether deductions of $2,500, $150, and $67.50 taken by the petitioner as expenses incurred for editorial assistance, travel, and...
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.