Memorandum Findings of Fact and Opinion
FORRESTER, Judge:
The Commissioner has determined a deficiency in the petitioners' income tax for the calendar year 1955 in the amount of $6,570.33. Concessions have been made by petitioners and the sole remaining issue is whether petitioners sustained a capital loss of $29,034.25 in 1955, due to certain corporate stock becoming worthless in such year or due to an obligation of such corporation to petitioners becoming...
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.