T.C. Memo. 1997-325
UNITED STATES TAX COURT
DAVID AND SHIRLEY SINGER, Petitioners v.
COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 22931-86. Filed July 16, 1997.
Stuart A. Smith and David H. Schnabel, for petitioners.
Paul Colleran, Maureen T. O'Brien, and William T. Hayes, for
respondent.
CONTENTS
Page
MEMORANDUM FINDINGS OF FACT AND OPINION....................... 2
OPINION OF THE SPECIAL TRIAL JUDGE............................ 2
FINDINGS OF FACT.............................................. 5
A. The Plastics Recycling Transactions...................... 5
B. Plymouth Equipment Associates............................ 7
C. Richard Roberts.......................................... 9
D. Petitioners and Their Introduction to Plymouth
Equipment Associates.....................................10
OPINION.......................................................17
A. Section 6653(a)--Negligence..............................19
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Last modified: May 25, 2011