The Commissioner determined a deficiency of $18,391.31 in income tax for the calendar year 1939 solely as a result of adding $80,000 to income. The correctness of this adjustment is the only issue.
FINDINGS OF FACT.
The petitioners are husband and wife. Their joint return for the taxable year was filed with the collector of internal revenue for the second district of New York. They were married at all times material hereto. William E. Freeman, hereinafter...
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