T.C. Memo. 1997-405 UNITED STATES TAX COURT GRADY WHITLOCK LEASING CORPORATION, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 1286-96. Filed September 11, 1997. Amy Vickers Fritz and James R. Sheatsley, for petitioner. Mary Ann Waters, for respondent. MEMORANDUM OPINION TANNENWALD, Judge: Respondent determined deficiencies in petitioner's Federal income taxes of $9,300.52 for 1991 and $10,887.87 for 1992. The issues for decision are whether respondent properly disallowed (1) a loss of $3,325 on a sale to a related entity; (2) deductions for life insurance premiums for a policy on petitioner's principal shareholder; (3) deductionsPage: 1 2 3 4 5 6 Next
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