Memorandum Findings of Fact and Opinion
FAY, Judge:
Respondent determined a deficiency of $70,257.37 in the Federal income tax of Gary and Halene Weisbart for 1968. A concession having been made by the respondent, it remains for us to decide: whether G. Weisbart & Company (a Subchapter S corporation) paid $100,106 in feed expenses during its taxable year August 14-December 31, 1968; and if so, whether the deduction of those expenses in that year resulted...
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