Memorandum Findings of Fact and Opinion
WHALEN, Judge.
Respondent determined a deficiency of $18,891.16 in petitioner's 1983 Federal income tax. The sole issue for decision is whether a payment of $50,000 is includable in petitioner's gross income, or whether, as petitioner contends, such amount is not includable in gross income because it constitutes a gift within the meaning of section 102(a) or, alternatively, because it constitutes "damages received...
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.