Memorandum Findings of Fact and Opinion
HARRON, Judge:
The Commissioner determined income tax deficiencies for 1956, 1957, and 1959 in the respective amounts of $16,408.14, $102,385.87, and $63,844.86, or a total amount of $182,638.87. He disallowed for 1959 a deduction of accrued contract expenses in the amount of $382,590.54. This determination eliminated the net operating loss of $249,235.04, reported in the return for 1959, and loss carry-backs to 1956...
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