Petersen v. Commissioner

Morton Q. Petersen v. Commissioner.

Petersen v. Commissioner

Docket No. 4525-67.

United States Tax Court

T.C. Memo 1971-21; 1971 Tax Ct. Memo LEXIS 313; 30 T.C.M. (CCH) 95; T.C.M. (RIA) 71021;

January 25, 1971, Filed.

George R. Blue and A. J. Schmitt, Jr., Suite 300, The Howard Triangle, 833 Howard Ave., New Orleans, La., for the petitioner. Bruce A. McArdle, for the respondent.

TANNENWALD

Memorandum Findings of Fact and Opinion

TANNENWALD, Judge: Respondent determined a deficiency of $23,943.27 in petitioner's income taxes for 1959.

The central issue for decision is the extent to which petitioner…