Memorandum Findings of Fact and Opinion
MULRONEY, Judge:
The respondent determined a deficiency in petitioner's income tax of $17,092.12 for the year 1953. The issues are: whether respondent correctly disallowed petitioner's claimed deduction as a bad debt of $20,000 advanced to a corporation in which he was a stockholder, bondholder, officer and director; a deduction of $2,869.89 as travel and entertainment expenses in connection with the corporation; and...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
