T.C. Memo. 1996-540 UNITED STATES TAX COURT ERNESTO H. MONROY, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 4239-95. Filed December 16, 1996. Towner S. Leeper and John E. Leeper, for petitioner. T. Richard Sealy III, for respondent. MEMORANDUM FINDINGS OF FACT AND OPINION COHEN, Chief Judge: Respondent determined deficiencies in, and penalties on, petitioner's Federal income taxes as follows: Year Deficiency Sec. 6663(a) 1990 $416,765.00 $312,573.75 1991 $370,588.00 $277,941.00Page: 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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