Sloss v. State

The question on this appeal is whether appellant, who will be referred to as the taxpayer, is entitled to a deduction from his taxable income for 1951 for State income tax purposes, of an item designated on his return as “Federal Income Taxes on Gimon Estates — a dissolved corporation, $17,450.49”, and an item of $3819.10 designated as “Interest Paid — Collector *682of Internal Revenue” (computed on said item of $17,450.49).

The factual situation is disclosed by the “Stipulation of Facts” contained in the transcript, as follows:

“1. Appellant is an individual, residing in the City of Birmingham,…