T.C. Memo. 1995-496
UNITED STATES TAX COURT
OHIO PERIODICAL DISTRIBUTORS, INC., f.k.a. SCOTT KRAUSS
NEWS AGENCY, INC., RONALD E. SCHERER TRUST AND
LINDA S. HAYNER TRUST, PERSONS OTHER THAN THE
TAX MATTERS PERSON, Petitioners v.
COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 12982-94. Filed October 16, 1995.
Daniel M. Davidson, for petitioners.
James E. Kagy, for respondent.
MEMORANDUM OPINION
RAUM, Judge: The Commissioner determined adjustments in the
S corporation's income in the amounts of $3,869,422, ($101,725),
$165,516, and $464,205 for its taxable years 1985, 1986, 1987,
and 1988, respectively. At issue is whether an election made by
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