POPE v. COMMISSIONER

Docket No. 4410-63.

24 T.C.M. 1096 (1965)

T.C. Memo. 1965-211

W. W. Pope and Gladys M. Pope v. Commissioner.

United States Tax Court.

Filed August 4, 1965.


Attorney(s) appearing for the Case

Melvin M. Engel, 828 Lincoln Liberty Life Bldg., Houston, Tex., for the petitioners. John D. Laflin, for the respondent.


Memorandum Opinion

FAY, Judge:

Respondent determined deficiencies in the income taxes of petitioners for the taxable years 1958 and 1959 in the amounts of $6,252.10 and $27,488.74, respectively. Petitioners assert that they overstated their taxable income in the years 1958 and 1959 in the respective amounts of $21,384.80 and $24,037.47, respectively.

The issues for decision are (1) whether petitioners may elect to report income received from the...

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