Memorandum Findings of Fact and Opinion
HOYT, Judge:
Respondent determined a deficiency in the income tax of petitioners for the taxable year 1958 in the amount of $62,551.77. The only issue presented is whether petitioners are entitled to a business bad debt deduction in the amount of $117,184.47 for the taxable year 1958, or in the alternative, to a nonbusiness bad debt deduction for that year.
Findings of Fact
Some of the facts have...
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.