The Tax Fortnighter Annual

1952 FORTNIGHTER acquired affirming agreement alimony amounts paid annuity assets bad debt base period beneficiary bona fide business expense capital gain cash CCH Dec Certiorari denied Circuit Court Code Section 23 Commissioner acquiesced Commissioner's computed constituted contended contract contributed corporation cost decedent decedent's December 31 decision deficiency determined disallowed DIST distribution DISTRICT COURT dividend employees ET UX excess profits tax exchange exempt fact fair market value filed funds gift gift tax held husband included income tax interest invested capital Items cont lease liability liquidation loans ment net income ordinary income partner partnership payment preferred stock prior purchase real estate received refund rental Reported in full salary Section 107 sell shares sold statute stockholders T.C. Memo Tax Court holds tax purposes tax return taxable income Taxpayer appealed taxpayer claimed tion transaction transfer trust trust instrument wife