MURPHY v. COMMISSIONER

Docket No. 9851.

7 T.C.M. 35 (1948)

Ralph Murphy v. Commissioner.

United States Tax Court.

Entered January 30, 1948.


Attorney(s) appearing for the Case

Neil D. McCarthy, Esq., and Charles R. Thompson, Esq., 1117 Associated Realty Bldg., 510 W. 6th St., Los Angeles 14, Calif., for the petitioner. A. J. Hurley, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

OPPER, Judge:

This proceeding was brought for a redetermination of a deficiency of $2,145.72 in petitioner's income tax for the calendar year 1941.

Respondent has denied petitioner a deduction of $6,900 for that year, which petitioner claims as a loss on discovery of embezzlement in 1941, or, alternatively, as a bad debt deduction. Petitioner has reduced the amount involved to $3,173.68 by crediting against...

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