T.C. Memo. 2001-122 UNITED STATES TAX COURT AMBASE CORPORATION, f.k.a. THE HOME GROUP INC., INDIVIDUALLY, AND AMBASE CORPORATION, f.k.a. THE HOME GROUP INC., AS DESIGNATED AGENT OF CITY INVESTING COMPANY, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 11816-95. Filed May 23, 2001. M. Carr Ferguson, Jr., John A. Corry, Laura M. Barzilai, and Marina A. Choundas, for petitioner. Elsie Hall and Dante D. Lucas, for respondent. MEMORANDUM FINDINGS OF FACT AND OPINION GALE, Judge: Respondent determined deficiencies in petitioner’s Federal income taxes as follows: Year Deficiency 1979 $2,081,771 1980 3,660,891 1981 4,568,190Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
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