John B. Mathers, Sr. - Page 1

                                                       T.C. Memo. 1995-516                                                                    


                                                   UNITED STATES TAX COURT                                                                    


                                         JOHN B. MATHERS, SR., Petitioner v.                                                                  
                                  COMMISSIONER OF INTERNAL REVENUE, Respondent                                                                

                         Docket No. 4702-94.       Filed October 30, 1995.                                                                    

                         Roland J. Mestayer, Jr., and Elliot G. Mestayer, for                                                                 
                petitioner.                                                                                                                   
                         Marshall R. Jones, for respondent.                                                                                   

                                      MEMORANDUM FINDINGS OF FACT AND OPINION                                                                 
                         COHEN, Judge:  Respondent determined deficiencies in and                                                             
                additions to petitioner's Federal income taxes as follows:                                                                    
                                                          Additions to Tax                                                                    
                                                          Sec.                     Sec.             Sec.                                      
                Year             Deficiency               6653(b)(1)1              6653(b)(2)1   6654                                         
                1982             $38,926                  $19,463          2                        $3,790                                    
                1983             49,503                   24,752                           2        3,033                                     
                1984             45,510                   22,755                           2        2,861                                     
                1985             51,467                   25,734                           2        2,949                                     
                1986             16,945                   12,709                           2        820                                       
                         1For 1986, secs. 6653(b)(1)(A) and 6653(b)(1)(B),                                                                    
                respectively.                                                                                                                 
                         250 percent of the interest due on the deficiency.                                                                   




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