MEMORANDUM FINDINGS OF FACT AND OPINION
NIMS, Judge:
Respondent determined a Federal income tax deficiency for petitioners' 1994 taxable year in the amount of $291,931. Respondent also determined an accuracy-related penalty of $58,386 for 1994, pursuant to section 6662(a).
The issues for decision are as follows:
(1) Whether petitioners are entitled to deduct a net casualty loss of $751,427 for the taxable year 1994; and
(2) whether...
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.