The Commissioner determined a deficiency of $190.34 in income tax of the petitioners for 1950. The only issue for decision is "what portion, if any, of the hotel's depreciation, utilities, and cost of meals should be eliminated from petitioners' claimed business expenses incurred in the operation of the hotel during the taxable year 1950 by reason of their consumption by members of petitioners' family during said year."
FINDINGS OF FACT.
The petitioners...
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.