SEED v. COMMISSIONER

Docket No. 5592-67.

52 T.C. 880 (1969)

HARRIS W. SEED AND NANCY C. SEED, PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed August 28, 1969.


Attorney(s) appearing for the Case

Edward W. Schramm, for the petitioners.

Brice A. Tondre, for the respondent.


OPINION

STERRETT, Judge:

The facts have been fully stipulated by the parties; accordingly the proceeding was submitted under Rule 30 of the Court's Rules of Practice. The stipulated facts and the exhibits attached thereto are incorporated herein by this reference and are adopted as our findings of fact. A summary of the pertinent facts is set forth below.

The respondent determined a deficiency in the...

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