Memorandum Findings of Fact and Opinion
WILES, Judge:
Respondent determined an $84,291.08 deficiency in petitioner's Federal income taxes for the fiscal year ending October 31, 1974.
The sole issue for decision is whether petitioner, an accrual basis taxpayer, must include in income during its fiscal year ending October 31, 1974, the portion of a real estate commission earned on the sale of an apartment complex, payment of which was deferred until...
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.
