RISKO v. COMMISSIONER

Docket No. 51993.

26 T.C. 485 (1956)

PETER P. RISKO AND MARGARET M. RISKO (HUSBAND AND WIFE), PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed June 8, 1956.


Attorney(s) appearing for the Case

George J. Schaefer, Esq., for the petitioners.

William F. Chapman, Esq., for the respondent.


Respondent determined a deficiency of $4,523.01 in petitioners' income tax for the calendar year 1950. The only issue is the deductibility, either in full or in part, of a payment made in 1950 by Peter Risko to the person with whom he had entered into a partnership agreement.

FINDINGS OF FACT.

Some of the facts have been stipulated and hereby found.

Peter Risko, hereafter called petitioner, and his wife, Margaret Risko, now residing in Irvington...

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