Close v. Commissioner

William Edgar Close v. Commissioner.

Close v. Commissioner

Docket No. 63304.

United States Tax Court

T.C. Memo 1959-71; 1959 Tax Ct. Memo LEXIS 177; 18 T.C.M. (CCH) 348; T.C.M. (RIA) 59071;

April 14, 1959

Kenneth Cleaver, Esq., 2120 Colorado Boulevard, Los Angeles, Calif., for the petitioner. Eugene F. Reardon, Esq., for the respondent.

RAUM

Memorandum Findings of Fact and Opinion

The respondent determined the following deficiencies in income taxes and additions to tax:

Additions to Tax,

I.R.C. 1939

Sec.

Sec. 294

Sec. 294

Year

Deficiency

293(b)(d)(1)(A)(d)(2)

1947

$ 486.07

$ 243.03

$ 52.78

$ 35.18

1948

650.19

325.09

76…