James R. Palmer and Linda D. Palmer - Page 1
















                                 T.C. Memo. 2000-228                                  


                               UNITED STATES TAX COURT                                


                 JAMES R. PALMER AND LINDA D. PALMER, Petitioners v.                  
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      


               Docket No. 19171-98.                  Filed July 28, 2000.             

               Ruth A. Rowlette, for petitioners.                                     
               Christian A. Speck, for respondent.                                    


                       MEMORANDUM FINDINGS OF FACT AND OPINION                        

               CHIECHI, Judge:  Respondent determined a deficiency of                 
          $44,375 in petitioners’ Federal income tax for 1995.                        
               The issues remaining for decision are:                                 
               (1)  Did petitioner James R. Palmer (Mr. Palmer) construc-             
          tively receive during 1995 $95,935 of compensation that he did              
          not actually receive until after that year?  We hold that he did.           






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