Memorandum Findings of Fact and Opinion
The Commissioner determined deficiencies in the income tax of this petitioner for the calendar years 1940 and 1941 in the respective amounts of $85.82 and $1,532.46. The only issue remaining for consideration is whether the deduction of payments aggregating $2,894.06 made by the petitioner to his six grandchildren during the year 1941 as interest on indebtedness was properly disallowed by the Commissioner.
Findings...
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