John S. Taft and Virginia M. Taft and John Taft Electric Company, a Corporation v. Commissioner of Internal Revenue

ROSS, District Judge.

This is a petition to review the decisions entered by the Tax Court in two separate cases. The Tax Court consolidated the cases for trial and briefing and they have also been consolidated for purposes of this proceeding. We have jurisdiction to hear this matter pursuant to the provisions of 26 U.S.C. § 7482 (1958).

Petitioners in the first case, number 17593, are John S. Taft (hereinafter Taft) and Virginia M. Taft, husband and wife. In the second case, number 17594, the petitioner is John Taft Electric Company, a corporation.

We will briefly set forth the pertinent facts…