PIERCE, Judge:
Respondent determined a deficiency in income tax against the petitioners for the calendar year 1953 in the amount of $142,307.78. For the succeeding year 1954, he determined an overassessment in petitioners' income tax in the amount of $11,248.07.
The issues presented for decision are:
(1) Whether in computing (on the so-called completed contract basis) the profit realized on a long-term construction contract performed by the...
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.