T.C. Memo. 1996-7
UNITED STATES TAX COURT
KEITH F. MARASON, Petitioner v. COMMISSIONER
OF INTERNAL REVENUE, Respondent
Docket No. 23471-93. Filed January 16, 1996.
On the facts, Held: respondent's application of
bank deposits method to determine petitioner's gross
income in the absence of books and records approved,
with one modification; held, further, miscellaneous
deductions redetermined; held, further, petitioner
liable for additions to tax under sec. 6651(a)(1),
I.R.C., for 1988, 1989, and 1990; the addition to tax
under sec. 6653(a)(1), I.R.C., for 1988; and the
accuracy-related penalty under sec. 6662(a), I.R.C.,
for 1989 and 1990.
David L. Gibson, for petitioner.
Margaret S. Rigg, for respondent.
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