Memorandum Opinion
FAY, Judge:
Although other issues are involved, the tax deficiencies determined in these cases arise primarily from a transaction between petitioners, Karel and Clara Waterman (Mr. Waterman and Mrs. Waterman, respectively), and the Trans-Pacific Capital Corporation (Trans-Pac). Initially, respondent determined the tax consequences arising from that transaction should be accounted for in petitioners' 1968 taxable year. Thus, in separate...
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.
