Court of Appeals for the Fifth Circuit April 13, 1978, 76-3029 (Coy F. Glenn and Peggy Glenn v. United States)

PER CURIAM:

This is an appeal in a tax case. The facts are not in dispute. The appellants, Coy F. and Peggy Glenn, sustained a net operating loss of $85,526.85 in 1970. Under the provisions of I.R.C. § 172 (which relates to “net

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operating loss carrybacks”) appellants were entitled to carry the loss back, resulting in a $41,995.56 overpayment in 1967. Pursuant to an extension granted by the I.