Memorandum Findings of Fact and Opinion
IRWIN, Judge:
Respondent determined a deficiency in petitioners' income tax for the calendar year 1972 in the amount of $6,813.64. Petitioners have conceded the correctness of one of respondent's adjustments in the notice of deficiency. The only issue we must decide is whether $68,606.92 received by petitioners from their subchapter S corporation is subject to the maximum tax limitations of section 1348 of the Internal...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.