OSTROW v. COMMISSIONER

Docket No. 55026.

15 T.C.M. 957 (1956)

T.C. Memo. 1956-183

Burton S. Ostrow and Sondra G. Ostrow v. Commissioner.

United States Tax Court.

Filed August 8, 1956.


Attorney(s) appearing for the Case

Milton I. Baldinger, Esq., Wyatt Building, Washington, D. C., for the petitioners. A. Russell Beazley, Jr., Esq., for the respondent.


Memorandum Findings of Fact and Opinion

The respondent determined a deficiency in petitioners' income tax in the amount of $1,486.32 for the year 1950. The deficiency was based upon an understatement of dividends received by the petitioners from the Avondale Building Corporation, and it was conceded by the petitioners at the hearing that there was an understatement in the amount computed by the respondent. A timely claim for refund was filed on July 21, 1953 by...

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