COLE v. COMMISSIONER

Docket No. 40197.

13 T.C.M. 1135 (1954)

T. C. Memo. 1954-224

Alfred P. Cole and Ruth Pierson Cole v. Commissioner.

United States Tax Court.

Filed December 17, 1954.


Attorney(s) appearing for the Case

Alan E. Gray, Esq., for the petitioners. Earl C. Crouter, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

TURNER, Judge:

The respondent determined a deficiency in income tax for the year 1949 against the petitioners in the amount of $2,129.34. The question presented is whether the petitioners are entitled to a bad debt deduction in the amount of $5,850.

Findings of Fact

The petitioners are husband and wife, and are residents of Encino, California. They filed their joint income tax return for 1949 with...

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