Vandra Bros. Construction Co., Inc. - Page 1
















                                 T.C. Memo. 2000-233                                  


                               UNITED STATES TAX COURT                                


                 VANDRA BROS. CONSTRUCTION CO., INC., Petitioner v.                   
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      


               Docket No. 15483-96.               Filed August 2, 2000.               


               Michael J. Occhionero, for petitioner.                                 
               Joseph P. Grant, for respondent.                                       


                       MEMORANDUM FINDINGS OF FACT AND OPINION                        

               GALE, Judge:  Respondent determined a deficiency of                    
          $405,017, and an accuracy-related penalty under section 6662(a)             
          in the amount of $81,003.40, for petitioner’s 1992 taxable year.            
          Unless otherwise noted, all section references are to the                   
          Internal Revenue Code in effect for the year in issue.                      






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