Memorandum Findings of Fact and Opinion
SCOTT, Judge:
The respondent determined deficiencies in income tax of petitioners in the amounts of $367.40, $276.94, and $382.63 for the calendar years 1954, 1955, and 1956, respectively.
The sole question for decision is whether petitioners are entitled to a deduction either as an ordinary and necessary business expense, a loss incurred in trade or business, or a business bad debt of amounts paid on a prior...
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