OPINION.
PIERCE, Judge:
Respondent determined a deficiency in the income tax of petitioners for the year 1956, in the amount of $9,402.51; and also an addition to tax under section 6654 of the 1954 Code, in the amount of $660.17, for failure to pay estimated income tax.
The sole issue raised by the pleadings is whether an amount of $17,500 which the principal petitioner received in 1956, as the result of settlement of a lawsuit effected by...
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.