DAWSON, Judge:
Respondent determined a deficiency in the income tax of petitioners for the year 1962 in the amount of $67,138.73.
The parties have made concessions which can be given effect in the Rule 50 computation. Two issues remain for decision: (1) Whether 32,000 shares of common shock of Richards Musical Instruments, Inc., held by petitioner became worthless in 1962, and, if so, (2) whether petitioners are entitled to a deduction in 1962 of $80...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
