Memorandum Findings of Fact and Opinion
The Commissioner determined a deficiency in income tax of $380.08 against Samuel Berger for 1947 and a deficiency of $3,625.30 against Samuel and Lillian Berger for 1948. The issues for decision are whether $3,500 paid by Samuel in 1947 and $3,100 paid in 1948 to Lester L. Paul is deductible as interest, and whether $7,500 paid by Samuel to Paul in 1948 is to be added to the cost of Samuel's stock in City Service Cleaning...
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