This case involves income tax for the calendar year 1946. Deficiency was determined in the amount of $1,144.68. The only question presented is whether the petitioner is entitled to deduct 100 per cent of interest paid by him out of a joint bank account of himself and wife, upon mortgage upon property owned by them by the entireties, and 100 per cent of taxes paid upon such property by the company managing it out of gross income from the property before remitting the remainder...
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.