Philip E. Parsons and Karen Parsons - Page 20




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          sound basis in fact” in not waiving the additions to tax in this            
          case.  Mailman v. Commissioner, 91 T.C. 1079, 1084 (1988); see              
          also Rao v. Commissioner, T.C. Memo. 1996-500.                              
               To reflect the foregoing,                                              
                                                  Decision will be entered            
                                             for respondent.                          





































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