SIMPSON, Judge:
The respondent determined a deficiency of $16,977.61 in the petitioners' 1966 Federal income tax. The issue for decision is whether a transfer of stock to a nonconsenting shareholder caused a termination of a "subchapter S" election by a corporation.
FINDINGS OF FACT
Some of the facts were stipulated, and those facts are so found.
The petitioners, Clarence L. Hook and Vivian L. Hook, are husband and wife, who maintained...
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