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MEMORANDUM FINDINGS OF FACT AND OPINION
BEGHE, Judge: In seven of these consolidated cases
respondent determined deficiencies in Federal income taxes as
follows:
Taxable
Docket No. Petitioners Year Deficiency
13364-89 Barry B. Bealor 1982 $23,434
and Nancy L. Bealor
14112-89 Frank A. Pettisani 1982 12,344
and Lucille M. Pettisani
17236-89 James D. Cameron 1982 33,749
and Anita B. Cameron
26434-89 Intercoastal Management Co. 1982 312,775
and Subsidiaries 1983 471,918
27614-90 Donald P. Crescenzo 1980 23,903
and Kathleen Crescenzo
27125-91 Intercoastal Management Co. 1984 644,814
and Subsidiaries 1985 670,597
1986 725,758
23719-93 Frank A. Pettisani1 1983 270,425
and Lucille M. Pettisani 1984 606,481
1985 1,014,702
1986 1,304,694
1987 293,682
1 In this case, respondent determined substantial deficiencies
and additions to tax arising from petitioners' activities, including
investments in various partnerships and S corporations. The only
portions of the deficiencies at issue are those that arise from
petitioners' claimed interest expense deductions with respect to
their investment in MIT 82.
In certain of the cases listed above, respondent also
determined additions to tax under sections 6653(a)(1) and (2),
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