Memorandum Findings of Fact and Opinion
ATKINS, Judge:
The respondent determined deficiencies in income tax against the petitioner in the amount of $2,771.66 for the taxable year ended July 31, 1962, and in the amount of $11,776.77 for the taxable year ended July 31, 1963.
The first issue is whether the petitioner, an accrual basis taxpayer, in computing the gain to be reported upon sales of houses, must include the full amount of
Welcome to the leading source of independent legal reporting
Let's get started
Sign on now to see your case.
Or view more than 10 million decisions and orders.