Jerry S. Payne - Page 1

                                 T.C. Memo. 1998-227                                  


                               UNITED STATES TAX COURT                                


                            JERRY S. PAYNE, Petitioner v.                             
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      


               Docket Nos. 980-95, 26812-95.       Filed June 29, 1998.               

                                                                                     
               Jerry S. Payne, pro se.                                                
               Richard C. Cummings, for respondent.                                   


                       MEMORANDUM FINDINGS OF FACT AND OPINION                        

               SWIFT, Judge:  Respondent determined deficiencies in and               
          additions to tax with regard to petitioner as follows:                      












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