T.C. Memo. 1998-162 UNITED STATES TAX COURT EMHART CORPORATION & DOMESTIC SUBSIDIARIES, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 20025-95. Filed May 5, 1998. Herbert Odell, Joel C. Weiss, Samuel M. Maruca, and Philip Karter, for petitioner. Richard H. Gannon and Linda A. Love, for respondent. MEMORANDUM FINDINGS OF FACT AND OPINION FOLEY, Judge: Respondent determined a $369,046 deficiency in petitioner's 1984 Federal income tax. The issue for decision is whether petitioner's stock in United Shoe Machinery Portugal (USMP) became worthless in 1984. We hold that it did. AllPage: 1 2 3 4 5 6 Next
Last modified: May 25, 2011