STEELE v. COMMISSIONER

Docket No. 2303-68.

28 T.C.M. 884 (1969)

T.C. Memo. 1969-177

Samuel S. Steele and Margaret G. Steele v. Commissioner.

United States Tax Court.

Filed August 28, 1969.


Attorney(s) appearing for the Case

Roland J. Mestayer, Jr., and Thomas R. Ward, 1347 Deposit Guaranty Bank Bldg., P. O. Box 427, Jackson, Miss., for the petitioners. Robert G. Faircloth, for the respondent.


Memorandum Findings of Fact and Opinion

DAWSON, Judge:

Respondent determined the following deficiencies in petitioners' Federal income taxes:

  Year                         Deficiency

  1963 ....................    $73,261.89
  1964 ....................     25,837.89

The principal issue is whether petitioner Samuel S. Steele, who used the completed contract method of accounting in reporting income, should have included in his...

Let's get started

Leagle.com

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.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases