PARR, Judge:
Respondent determined a deficiency in petitioners' 1979 Federal income tax return in the amount of $12,765.04. The sole issue for decision is whether petitioners must recapture investment tax credits previously taken for certain farm implements and machinery upon the transfer of such property to petitioners' wholly owned corporation.
FINDINGS OF FACT
This case was submitted to the Court without trial...
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.