RICHARDS v. COMMISSIONER

Docket No. 64348.

18 T.C.M. 332 (1959)

T.C. Memo. 1959-64

Edward E. Richards, Sr., and Ruth H. Richards v. Commissioner.

United States Tax Court.

Filed March 31, 1959.


Attorney(s) appearing for the Case

Edward E. Richards, Sr., pro se, Box 204, Columbus, Miss. Harold G. Clark, Jr., Esq., for the respondent.


Memorandum Findings of Fact and Opinion

ARUNDELL, Judge:

The respondent has determined a deficiency in income tax for the year 1953 in the amount of $290, which deficiency arises from the disallowance of a loss deduction claimed by reason of certain shares of stock becoming worthless in 1953.

Findings of Fact

Petitioners filed a joint income tax return for the year 1953 with the director of internal revenue, Indianapolis, Indiana. The taxpayer...

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