T.C. Memo. 1998-45
UNITED STATES TAX COURT
DWIGHT L. MCKENNA AND BEVERLY S. MCKENNA, Petitioners v.
COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 26334-92. Filed February 5, 1998.
Edward B. Mendy, for petitioners.
Kathleen O. Lier, for respondent.
MEMORANDUM FINDINGS OF FACT AND OPINION
WRIGHT, Judge: Respondent determined deficiencies in
petitioners' Federal income taxes and additions to tax, as
follows:
Additions to Tax
Year Deficiency Sec. 6653(b)(1)(A) Sec. 6653(b)(1)(B) Sec. 6653(b)(1) Sec. 6661
1987 $67,485 $50,614 1 $16,871
1988 49,419 $37,064 12,355
1 50 percent of the interest due on $67,485.
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