PARKER v. COMMISSIONER

Docket No. 5306-71.

33 T.C.M. 289 (1974)

T.C. Memo. 1974-60

Morris B. Parker and Joan Parker v. Commissioner.

United States Tax Court.

Filed March 11, 1974.


Attorney(s) appearing for the Case

Taylor Gandy, 1705 Commerce Bldg., Fort Worth, Tex., for the petitioners. D. Derrell Davis, for the respondent.


Memorandum Findings of Fact and Opinion

GOFFE, Judge:

Respondent determined deficiencies in the Federal income taxes of petitioners for the taxable years 1966 and 1967 in the respective amounts of $10,346.47 and $10,714.04.

Certain concessions have been made by the parties. The only issue presented for decision is whether the petitioners are entitled to a business bad debt deduction for losses incurred by petitioner Morris B. Parker on payments in...

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