Christian v. Department of Revenue

Carlisle B. Roberts, Judge.

Plaintiffs respectively appeal from defendant’s Orders Nos. 1-73-12, 1-73-11 and 1-73-13, affirming the assessment of additional personal income taxes for the tax year 1970. The suits were consolidated for trial purposes.

Plaintiffs petitioned the Department of Revenue to determine if the net operating losses suffered by them in 1969 should be allowed as a deduction on their 1970 returns or, in the alternative, on the 1967 and 1968 returns. The defendant denied both the loss carry-forward and the loss carry-back and plaintiffs appealed to this court.

The facts are…