The Commissioner determined deficiencies in the petitioners' income tax of $16,765.12 for 1963 and $2,462.91 for 1964.
The parties have settled a number of issues and the only remaining issue is whether the petitioners are entitled to a deduction of $5,000 for 1964 representing the return of that amount by Vincent to Electric Manufacturing & Repair Co. which had paid that amount to him as salary in 1960.
FINDINGS OF FACT
Eleanor H. Oswald and...
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