MEMORANDUM FINDINGS OF FACT AND OPINION
BEGHE, Judge:
Respondent determined a deficiency of $111,808 in petitioners' joint Federal income tax for 1995.
After concessions by the parties, there are two issues for decision: (1) Whether petitioners are entitled to exclude from income, as a recovery of basis, any portion of the "contract value" termination payments received in 1995 by petitioner Orin F. Farnsworth under his District Manager's Appointment...
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.