Memorandum Findings of Fact and Opinion
The Commissioner determined a deficiency of $345.79 in income tax for 1950. The only issue is whether the petitioner should be denied a deduction of $1,000 for a nonbusiness bad debt either because the debt was worthless from the beginning or because it still had value at the end of 1950.
Findings of Fact
The petitioner filed her individual income tax return for 1950 with the collector of internal revenue...
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