T.C. Memo. 2005-127
UNITED STATES TAX COURT
DAVID TAYLOR ENTERPRISES, INC. & SUBSIDIARIES, Petitioner v.
COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 7698-03. Filed May 31, 2005.
Lawrence Sherlock and Juan F. Vasquez, Jr., for petitioner.
Derek B. Matta, for respondent.
MEMORANDUM FINDINGS OF FACT AND OPINION
KROUPA, Judge: Respondent determined deficiencies of
$431,1141 for 19992 and $113,390 for 2000 in petitioner’s Federal
income taxes. The issue to be decided is whether losses realized
1All amounts have been rounded to the nearest dollar.
2Petitioner’s tax year ended June 30.
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