MEMORANDUM FINDINGS OF FACT AND OPINION
WELLS, Judge:
Respondent determined a deficiency of $58,883 in petitioner's 1989 Federal income tax. After concessions, the issues remaining for decision are: (1) Whether petitioner is entitled to a business bad debt deduction pursuant to section 166(a)(1) for the worthlessness of certain loans and advances made by petitioner to Color Trick, Inc. (Color Trick); and (2) whether petitioner may claim an ordinary loss...
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.
