The respondent determined a deficiency in income tax against the petitioners for the taxable year 1944 in the amount of $13,770.50. The petitioners claim an overpayment of income taxes for that year in the amount of $7,699.06. The only issues presented for our decision are whether the amount of $42,057.66 derived from the publication of the book "Persons and Places," or a part thereof, is taxable income of the petitioners for the year 1944 and, if so, whether as capital gain...
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.