Taylor v. MacLaughlin

KIRKPATRICK, District Judge.

This is a suit by a taxpayer to recover additional income taxes in the amount of $2,990.36 for the year 1928, paid under protest. The additional tax was assessed by reason of the disallowance of a loss claimed on transfer by the taxpayer of preferred stock of the Wagner-Taylor Company to the corporation.

The case was tried to the Court, jury trial having been waived. The evidence consists entirely of a stipulation of facts, the paragraphs of which are adopted as the Court’s separate findings of ■ fact. It is assumed that it is intended by the stipulation to admit…