T.C. Memo. 1996-75
UNITED STATES TAX COURT
ATLANTIC MUTUAL INSURANCE COMPANY AND INCLUDIBLE SUBSIDIARIES,
Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 25767-93. Filed February 22, 1996.
John S. Breckinridge, Jr., and James H. Kenworthy, for
petitioners.
Phillip A. Pillar and Maureen Nelson, for respondent.
MEMORANDUM OPINION
FOLEY, Judge: Respondent determined a deficiency of
$519,987 in petitioners' Federal income tax for the 1987 taxable
year as a result of alleged "reserve strengthening". Under the
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