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William Norwalk, Transferee
docket No. 20685-96
Year Transferee Liability
1992 $165,940
Robert DeMarta, Transferee
docket No. 20686-96
Year Transferee Liability
1992 $505,935
DeMarta & Norwalk, CPA's, Inc.
docket No. 20767-96
Accuracy-related Penalty
Year Deficiency Sec. 6662
1992 $232,540 $46,508
William R. Norwalk
docket No. 20772-96
Accuracy-related Penalty
Year Deficiency Sec. 6662
1992 $44,088 $8,818
Robert and Patricia DeMarta
docket No. 20773-96
Addition to Tax Accuracy-related Penalty
Year Deficiency Sec. 6651(a)(1) Sec. 6662
1992 $150,249 $7,512 $30,050
After concessions by the parties, the issues for decision
are: (1) Whether DeMarta & Norwalk, CPA's, Inc. (the
corporation), realized a gain of $588,297 on the distribution of
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Last modified: May 25, 2011