Hoffman v. Commissioner

SAMUEL L. HOFFMAN, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

Hoffman v. Commissioner

Docket No. 44833.

United States Board of Tax Appeals

28 B.T.A. 1264; 1933 BTA LEXIS 1023;

August 29, 1933, Promulgated

Harold Wisan, Esq., for the petitioner.

R. W. Wilson, Esq., for the respondent.

TRAMMELL

OPINION.

TRAMMELL: This proceeding is for the redetermination of a deficiency in income tax of $1,671.18 for 1926. The only question presented by the petition as amended is whether in the determination of the petitioner's tax liability an amount of $45,233.75 alleged to represent losses sustained…