Memorandum Findings of Fact and Opinion
SIMPSON, Judge:
The respondent determined a deficiency of $1,983,675.60 in the joint Federal income tax of the petitioners for 1965. The issues to be decided are: (1) Whether Shamrock Engineering, Inc., may treat any portion of the Midway Enterprises, Inc., account receivable as worthless on December 31, 1965; (2) whether interest income was accruable on the Midway account receivable; and (3) whether any income was...
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