- 2 - MEMORANDUM FINDINGS OF FACT AND OPINION RUWE, Judge: Respondent determined deficiencies in petitioners' Federal income and gift taxes and additions to tax as follows: Lynnda Speer, Donor Gift tax - docket No. 6626-94 Year Deficiency 1990 $625,702 Roy M. and Lynnda L. Speer Income tax - docket No. 6627-94 Accuracy-Related Additions to Tax Penalty Year Deficiency Sec. 6653(a)(1) Sec. 6661 Sec. 6662(a) 1988 $530,514 $26,526 $132,629 -- 1989 774,565 -- -- $131,189 1990 1,424,760 -- -- 175,653 Roy M. Speer, Donor Gift tax - docket No. 6628-94 Year Deficiency Sec. 6651(a)(1) 1985 $9,643 $2,411 1986 233,720 58,430 1987 1,103,590 275,898 1988 1,344,161 336,040 1989 1,444,955 361,239 1990 996,254 -0- After concessions, the issues for decision are: (1) Whether petitioner Roy M. Speer, the controlling shareholder of Home Shopping Network, Inc., received constructive dividend income asPage: 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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