Memorandum Findings of Fact and Opinion
FORRESTER, Judge:
Respondent has determined deficiencies in petitioners' Federal income tax for the years 1972 and 1973, in the respective amounts of $7,920.98 (corrected by the parties' Stipulation of Facts to $7,842.83 because of a mathematical error), and $9,321.57. The sole remaining issue for our decision is whether petitioners realized taxable income in 1972 and 1973 because of interest-free loans from his closely...
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.