Memorandum Findings of Fact and Opinion
MELLOTT, Judge:
The Commissioner determined a deficiency in the income tax of each petitioner for the calendar year 1941 in the amount of $11,469.96, or a total of $22,939.92. The sole question is — Did S. L. Savidge, Inc. make a distribution in liquidation to petitioners of intangible assets or good will, on July 31, 1941, in excess of the amounts reported in their returns for the taxable year? Two other issues...
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.