Memorandum Findings of Fact and Opinion
TURNER, Judge:
The respondent determined a deficiency in income tax against petitioners for the year 1948 in the amount of $12,496.68. The questions for decision are (1) whether a debt owing to petitioner Augustus F. Lasker by a corporation of which he was a stockholder, which debt became worthless in the year 1948, was a bad debt within the meaning of section 23(k)(1) and deductible thereunder, or a non-business debt...
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.