HORSTING v. COMMISSIONER

Docket No. 3094.

5 T.C.M. 421 (1946)

William Francis Horsting v. Commissioner.

United States Tax Court.

Entered May 27, 1946.


Attorney(s) appearing for the Case

Scott P. Crampton, Esq., for the petitioner. David F. Long, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

The respondent determined deficiencies in petitioner's income tax for the calendar years 1940 and 1941 in the amounts of $4,734.27 and $7,587.30, respectively, and also a penalty of $1,183.57 for failure to file the 1940 return within the time prescribed by law.

The deficiencies are the result of several adjustments to the net income as disclosed by petitioner's returns, a reduction of the personal exemption claimed...

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