Memorandum Findings of Fact and Opinion
DAWSON, Judge:
Respondent determined a deficiency in petitioner's Federal income tax for the taxable year ended June 30, 1976 in the amount of $92,443.28. The principal issue for decision is whether petitioner's subsidiary forgave petitioner's debt during the year in issue. If we answer this question in the affirmative, we must then decide
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.