FINEN v. COMMISSIONER

Docket. Nos. 87047, 87048, 3252-62.

41 T.C. 557 (1964)

J. HAROLD FINEN AND MARIE K. FINEN, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed January 21, 1964.


Attorney(s) appearing for the Case

K. G. Seitz, for the petitioners.

Hugh G. Rowland, for the respondent.


OPINION

RAUM, Judge:

The Commissioner determined deficiencies in income tax in the amounts of $2,748.22, $762.11, $990.40, and $4,382.33 for the years 1956, 1958, 1959, and 1960, respectively. The sole question for decision is whether petitioners are entitled to interest deductions with respect to the amounts paid by them during the taxable years pursuant to the terms of a compromise agreement relating to their 1943 and 1944 unpaid deficiencies in...

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