T.C. Memo. 1999-265
UNITED STATES TAX COURT
VANALCO, INC., A DELAWARE S CORPORATION,
RICHARD L. SMITH, TAX MATTERS PERSON,
Petitioner v.
COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 5955-98. Filed August 6, 1999.
Richard L. Mull and Ronald L. Berenstain, for petitioner.
William A. McCarthy and Kenneth P. Dale, for respondent.
MEMORANDUM OPINION
PARR, Judge: Respondent issued two notices of final S
corporation administrative adjustment (FSAA) to the tax matters
person of Vanalco, Inc. (Vanalco), determining adjustments of
$4,325,463 and $2,930,758 to the ordinary income of Vanalco for
Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011