Memorandum Findings of Fact and Opinion
DRENNEN, Judge:
Respondent determined a deficiency in petitioners' income tax for the calendar year 1960 in the amount of $553.63.
The issues for decision are whether petitioners are entitled to deductions for (1) a loss on worthless securities and (2) business automobile expenses. Petitioners conceded at the trial that they were not entitled to a deduction for premiums paid for hospital insurance.
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.