- 5 - 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),Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
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