T.C. Memo. 2001-202
UNITED STATES TAX COURT
NATIONAL BANCORP OF ALASKA, INC., Petitioner v.
COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 6388-00. Filed August 1, 2001.
William H. Hippee, Jr., Irwin L. Treiger, Andrew T. Gardner,
Mark Alan Hagar, William Kenneth Wilcox, and Jeffrey A. Sloan,
for petitioner.
Jack Forsberg and Reid M. Huey, for respondent.
MEMORANDUM OPINION
RUWE, Judge: Respondent determined a deficiency of $216,918
in petitioner’s 1996 Federal income tax. After a concession,1
1Petitioner concedes that it is not entitled to deduct
$17,244 of expenditures incurred in connection with a Cessna 206
prop aircraft owned by NB Aviation, Inc. (Aviation).
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