Memorandum Findings of Fact and Opinion
FORRESTER, Judge:
Respondent determined a deficiency in petitioners' Federal income tax for 1968 in the amount of $263.03. The sole issue remaining for our decision is whether payments made by petitioner Charles I. Brown to his employer, pursuant to an alleged violation of section 16(b) of the Securities Exchange Act of 1934, 15 U.S.C.A. sec. 78p(b) are deductible as an ordinary and necessary business expense or as...
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