T.C. Memo. 1996-350
UNITED STATES TAX COURT
JAMES M. RANKIN AND SHIRLEY RANKIN, Petitioners v.
COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 26270-93. Filed July 31, 1996.
David M. Kirsch, for petitioners.
Thomas G. Schleier and Elaine Sierra, for respondent.
MEMORANDUM FINDINGS OF FACT AND OPINION
WELLS, Judge: Respondent determined the following
deficiency in, and additions to, petitioners' 1988 Federal income
tax:
Additions to Tax
Deficiency Sec. 6651(a)(1) Sec. 6653(a)(1)
$155,255 $38,485 $7,856
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