Memorandum Findings of Fact and Opinion
FISHER, Judge:
The sole issue presented for our consideration is whether and, if so, in what amount, checks, totaling $19,604 cashed by petitioner during the taxable year 1957, are deductible as ordinary and necessary business expenses under section 162 of the 1954 Code.
The statutory notice made an adjustment for interest income which is not contested.
Findings of Fact
Petitioners, Arthur...
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