SOEDER v. COMMISSIONER

Docket No. 34664.

13 T.C.M. 200 (1954)

Karl N. and Peggy Fern Soeder v. Commissioner.

United States Tax Court.

Entered March 11, 1954.


Attorney(s) appearing for the Case

John C. Mullen, Esq., for the petitioners. Richard C. McLaughlin, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

TIETJENS, Judge:

The respondent determined a deficiency in income tax in the amount of $12,486.84 for the calendar year 1948.

Some of the adjustments made by the respondent are not contested. The questions for decision are:

(1) Whether a claimed deduction of $475 for a bad debt is allowable?

(2) Whether a payment of $1,000 for services in handling certain transactions on the commodity markets...

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