1. Home
  2. Browse Decisions
  3. T.C.
  4. 41 T.C.
  5. 41 T.C. 695 (1964)
 

HEDGES v. COMMISSIONER

Docket No. 295-62.

41 T.C. 695 (1964)

G. F. HEDGES, JR., AND MARY HELEN HEDGES, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed February 28, 1964.

Attorney(s) appearing for the Case

Carl F. Bauersfeld, for the petitioners.

John H. Menzel, for the respondent.

DRENNEN, Judge:

Respondent determined a deficiency in petitioners' income tax for the year 1958 in the amount of $721.27.

The only issue for decision is whether petitioners are entitled to deduct as intangible drilling expense, incurred in various oil and gas well ventures in which they participated, an amount in excess of that determined and allowed by respondent.

FINDINGS OF FACT

Petitioners are husband and wife residing in Spencer...

Let's get started

Leagle.com

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.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases