T.C. Memo. 1996-505
UNITED STATES TAX COURT
AFFILIATED FOODS, INC., Petitioner v.
COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 25703-93. Filed November 7, 1996.
William A. Hoy, for petitioner.
George E. Gasper, for respondent.
MEMORANDUM FINDINGS OF FACT AND OPINION
PARR, Judge: Respondent determined deficiencies in
petitioner's Federal income tax for taxable years 1989 and 1990
of $171,985.68 and $183,196.30, respectively. The issues for
decision are: (1) Whether certain payments made by vendors to
petitioner are includable in petitioner's income. We hold they
are. (2) Whether cash which petitioner supplied to vendors for
Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011