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SCHUESSLER v. COMMISSIONER

Docket No. 51326.

24 T.C. 247 (1955)

E. W. SCHUESSLER AND ALINE SCHUESSLER, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed May 19, 1955.

Attorney(s) appearing for the Case

D. H. Markstein, Jr., Esq., for the petitioners.

Homer F. Benson, Esq., for the respondent.

This proceeding involves a deficiency in income tax of $7,262.96 determined against the petitioners for the year 1946. The only issue is whether a reserve to cover the cost of servicing gas furnaces over a 5-year period was a proper deduction in computing petitioners' income tax for 1946.

FINDINGS OF FACT.

E. W. Schuessler (hereinafter referred to as the petitioner) and Aline Schuessler, his wife, were residents...

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