Memorandum Findings of Fact and Opinion
ATKINS, Judge:
The respondent determined a deficiency in income tax for the taxable year 1955, in the amount of $7,652.44. The issue is whether petitioner is entitled to deduct an amount of $16,000, claimed to be a finder's fee, as an ordinary and necessary business expense under section 162 of the Internal Revenue Code of 1954.
Findings of Fact
Some of the facts are stipulated and are incorporated...
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