Memorandum Findings of Fact and Opinion
The Commissioner has determined a deficiency of $10,524.61 in petitioner's income tax for the calendar year 1947 resulting from the following adjustments in petitioner's return: (a) disallowance of deductions of $2,896.10 for depreciation and $1,388.59 for other expenses incurred in the operation of a farm, thereby negating a net farm loss deduction of $3,194.69; (b) disallowance of a $15,000 bad debt deduction; and (c) reduction...
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.
