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618; Bernstein v. Commissioner, 267 F.2d 879, 880 (5th Cir. 1959),
affg. T.C. Memo. 1956-260.
Because Classic Pub's records reflected inconsistent amounts
of gross sales for the years in issue, Revenue Agent Bixler
reasonably and justifiably reconstructed the bar/restaurant's gross
receipts using a form of the percentage markup method. See, e.g.,
Rungrangsi v. Commissioner, T.C. Memo. 1998-391; DiLando v.
Commissioner, T.C. Memo. 1975-243; Jurkiewicz v. Commissioner, T.C.
Memo. 1955-318. In performing this reconstruction, he used
petitioners' own records and calculations regarding liquor
purchases, prices, and quantities. See, e.g., Gasper v.
Commissioner, 225 F.2d 284 (6th Cir. 1955). Petitioners failed to
present any competent evidence that would cause us to question
Revenue Agent Bixler's reconstruction.
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