MEMORANDUM FINDINGS OF FACT AND OPINION
CARLUZZO, Special Trial Judge:
Respondent determined a deficiency of $8,041 in petitioner's 1995 Federal income tax.
The issue for decision is whether petitioner, who was an officer and shareholder of a closely held corporation, is entitled to a deduction for a lease cancellation fee (the fee) paid to release the corporation from liability under a lease.
FINDINGS OF FACT
Some of the facts...
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