Tolfree v. Commissioner

Edward R. Tolfree v. Commissioner.

Tolfree v. Commissioner

Docket No. 40285.

United States Tax Court

T.C. Memo 1954-50; 1954 Tax Ct. Memo LEXIS 196; 13 T.C.M. (CCH) 493; T.C.M. (RIA) 54156;

May 26, 1954, Filed

David S. Galton, Esq., for the petitioner. Maurice E. Stark, Esq., for the respondent.

MURDOCK

Memorandum Findings of Fact and Opinion

The Commissioner determined a deficiency in the petitioner's income tax of $23,789.11 and a 5 per cent addition for negligence (under section 293(a)) of $1,189.46 for 1946 and a deficiency in income tax of $1,584.32 for 1947. The issues requiring decision are:(1)…