T.C. Memo. 1997-313
UNITED STATES TAX COURT
HOWARD PONTIAC-GMC, INC.,
D.B.A. BOB HOWARD AUTOMALL, Petitioner v.
COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 4972-95. Filed July 7, 1997.
Randall K. Calvert, for petitioner.
David G. Hendricks and Michael J. O'Brien, for respondent.
MEMORANDUM FINDINGS OF FACT AND OPINION
VASQUEZ, Judge: Respondent determined deficiencies in
petitioner's Federal income tax of $4,689 and $24,367 for the
1990 and 1991 tax years, respectively. Petitioner purchased the
inventories (parts, accessories, new and used cars) of Dave
Markley Jeep-Eagle, Inc. (seller). Pursuant to a sales
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