Sterrett, Chief Judge: By notice of deficiency dated September 25, 1981, respondent determined a deficiency of $37,411 in petitioners’ 1978 Federal income tax. 1 The ultimate issue for decision is the amount, if any, that petitioners are entitled to deduct in 1978 for "mining development costs,” "operating management fees,” and "professional fees.” <p "b1247-8" pgmap=…
Read the full opinion (source) ↗
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Citation figures are counts of later citing opinions in our corpus and may be incomplete; always read and Shepardize the full opinion before relying on it.