Memorandum Findings of Fact and Opinion
DRENNEN, Judge:
Respondent determined deficiencies in petitioners' income taxes for the years 1964, 1966, and 1967 in the amounts of $21,703.28, $1,216.15, and $776.05, respectively.
The parties have agreed on all issues except one. Petitioners claimed an ordinary loss deduction on their tax return for 1967 resulting from abandonment of a land development project in which they were involved. Respondent agrees...
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.
