T.C. Memo. 1997-327 UNITED STATES TAX COURT FREDERIC S. CLAYTON and MARLENE B. CLAYTON, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 4665-95. Filed July 21, 1997. Robert S. Grodberg, for petitioners. Christopher W. Schoen, for respondent. MEMORANDUM OPINION HAMBLEN, Judge: Respondent determined a deficiency in petitioners' Federal income tax for taxable year 1985 in the amount of $73,068. By amendment to answer, respondent asserted an increased deficiency in the amount of $81,211. Unless otherwise indicated, all section references are to the InternalPage: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Next
Last modified: May 25, 2011