Joseph J. Birkenstock and Generose M. Birkenstock v. Commissioner of Internal Revenue

Petitioners-appellants, Joseph J. and Generóse M. Birkenstock, appeal from- the decision of the United States Tax Court rejecting their contention that they are lawfully entitled to reduce their gross income to its alleged'gold value for purposes of reporting their taxable income and finding them liable for a deficiency in income tax of $8,220.60 for the taxable year 1974. We affirm.

I

The ease was submitted to the Tax Court upon a Stipulation of Facts. According to the stipulation, the taxpayers, husband and wife, filed a joint federal income tax return for the year 1974. On this return, they…