Memorandum Findings of Fact and Opinion
WITHEY, Judge:
The Commissioner determined a deficiency in income tax of the petitioners for the year 1949 in the sum of $12,160.38. The sole question for our determination is whether the Commissioner correctly determined that the sum of $30,000 which petitioner William B. Cudlip paid as a guarantor of certain corporate indebtedness is not deductible as a business had debt but should properly be treated as a non-business...
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.