Memorandum Findings of Fact and Opinion
Respondent determined a deficiency in the income tax of petitioner for the year 1953 in the amount of $3,263.94.
The sole issue is whether the unpaid balance of a note issued by petitioner in favor of National Associates, Inc. was forgiven in 1953 and constituted taxable income for that year.
Findings of Fact
Some of the facts have been stipulated and, as stipulated, they are incorporated herein 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.