Memorandum Findings of Fact and Opinion
The respondent determined a deficiency in income tax of petitioners for the calendar year 1947 in the amount of $7,019.48.
The questions to be decided are (1) whether certain advances constituted loans or contributions to the capital of the Moody Brick & Tile Company; (2) whether the debt, if any, of the Moody Brick & Tile Company became worthless in 1947, and, if so, whether it was a non-business or a 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.