Altmann v. Commissioner

Hans C. Altmann and Johanna Altmann v. Commissioner.

Altmann v. Commissioner

Docket No. 1162-65.

United States Tax Court

T.C. Memo 1968-1; 1968 Tax Ct. Memo LEXIS 295; 27 T.C.M. (CCH) 1; T.C.M. (RIA) 68001;

January 2, 1968, Filed

Eugene F. Roth, 1 E. 57th St., New York, N. Y., for the petitioners. J. Q. Smith, for the respondent.

ATKINS

Memorandum Findings of Fact and Opinion

ATKINS, Judge: The respondent determined deficiencies in income taxes of $7,350.91 for the taxable year 1957, and $4,647.46 for the taxable year 1958.

The issues presented are (1) whether the petitioner, Hans C. Altmann, realized…