Memorandum Findings of Fact and Opinion
FISHER, Judge:
Respondent determined a deficiency in individual income taxes of petitioners for the year 1956 in the amount of $6,100.99.
The only issue presented for our consideration is whether payments totaling $19,000 made by petitioner Joseph Kuljis in 1956 as guarantor and endorser of commercial paper of an auto company, which became insolvent in 1956 and in which he and members of his family owned a...
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