Memorandum Findings of Fact and Opinion
GOFFE, Judge:
Respondent determined deficiencies in the Federal income taxes of petitioners for the taxable years 1966 and 1967 in the respective amounts of $10,346.47 and $10,714.04.
Certain concessions have been made by the parties. The only issue presented for decision is whether the petitioners are entitled to a business bad debt deduction for losses incurred by petitioner Morris B. Parker on payments in...
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