FAULK v. COMMISSIONER

Docket No. 55118.

26 T.C. 948 (1956)

DAVID R. FAULK AND WIFE, ALMA L. FAULK, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed August 27, 1956.


Attorney(s) appearing for the Case

Ben F. Foster, Esq., and Ralph G. Langley, Esq., for the petitioners.

M. Clifton Maxwell, Esq., for the respondent.


OPINION.

JOHNSON, Judge:

The Commissioner determined a deficiency in petitioners' income tax for 1952 in the amount of $14,876.67.

The issues for decision are whether petitioners are entitled to a deduction, as ordinary and necessary business expenses, of the following: (a) $28,638.72 paid by petitioners to the United States as double damages on a judgment rendered against petitioner David R. Faulk, arising out of a civil action brought by...

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