Memorandum Findings of Fact and Opinion
Respondent determined a deficiency in petitioners' income and victory tax for the taxable year 1943 in the amount of $19,201.39. The year 1942 is also involved due to the Current Tax Payment Act of 1943. The sole issue is whether respondent correctly determined petitioners' gross income on an accrual basis by including therein $37,840.55, which represented credit sales for prior years carried as accounts receivable as of January...
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