T.C. Memo. 1997-381 UNITED STATES TAX COURT WILLIAM G. AND VIVIAN LOOMIS, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 8748-95. Filed August 20, 1997. Gary C. Randall and James J. Workland, for petitioners. John M. Altman and David A. Winsten, for respondent. MEMORANDUM FINDINGS OF FACT AND OPINION FAY, Judge: Respondent determined a deficiency in peti- tioners' Federal income tax for the taxable year 1991 in the amount of $35,528. After concessions, the sole issue for decision is whether petitioners must include the fair market value of grain contracts in their alternative minimum taxable income (AMTI) for 1991.Page: 1 2 3 4 5 6 7 8 Next
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