The Tax Fortnighter Annual

acquired affirming agreement alimony Allowed cont amounts received ANNUAL T.F. bad debt loss bank base period bonds business expenses capital gain cash CCH Dec Circuit Court Cohan Commissioner contended Commissioner's community property computing constituted contract corporation cost death decedent decedent's decision decree deduction deficiencies denied depreciation determined Disallowed cont DIST distribution DISTRICT COURT dividend divorce earnings employee Estate Tax excess profits tax exempt fact fair market value filed fraud penalty funds gift tax gross income husband included income tax returns interest investment issue land lease liability loans marital deduction ment method net income non-business operated option ordinary income paid parties partnership payments policies premiums prior purchase real estate rental Reported in full selling shares sold stockholders T.C. Memo Tax Court holds tax purposes taxable income Taxpayer appealed tion transaction transfer trust wife worthless