RINGEL v. COMMISSIONER

Docket No. 79623.

20 T.C.M. 817 (1961)

T.C. Memo. 1961-163

Dewey D. Ringel and Lillian Ringel v. Commissioner.

United States Tax Court.

Filed June 6, 1961.


Attorney(s) appearing for the Case

Nathan Turesky, Esq., for the petitioners. Chapman H. Belew, Jr., Esq., for the respondent.


Memorandum Findings of Fact and Opinion

TURNER, Judge:

The respondent determined a deficiency in income tax against the petitioners for the calendar year 1955 in the amount of $2,157.65. The only issue is whether petitioner Dewey D. Ringel's distributive share of partnership income was 50 percent, as reported by him, or 75 percent, as determined by the respondent.

Findings of Fact

Some of the evidence and some of the facts have been stipulated...

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