DeBUYS v. COMMISSIONER

Docket No. 52331.

15 T.C.M. 656 (1956)

T.C. Memo. 1956-128

Harrison D. DeBuys and Grace V. DeBuys v. Commissioner.

United States Tax Court.

Filed May 24, 1956.


Attorney(s) appearing for the Case

Cyrus A. Neuman, Esq., Pan American Bank Building, Miami, Fla., for the petitioners. Hugh G. Isley, Jr., Esq., for the respondent.


Memorandum Findings of Fact and Opinion

Respondent determined a deficiency in petitioners' income tax for the year 1950 in the sum of $7,582.60 together with additions to tax in the sum of $1,722.48, under section 294 of the Internal Revenue Code of 1939 for failing to file a declaration of estimated tax within the time prescribed by law. The only issue presented for our decision in this case is whether respondent correctly determined that an apartment house sold...

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