WSB Liquidating Corporation - Page 1
















                                  T.C. Memo. 2001-9                                   


                               UNITED STATES TAX COURT                                


                     WSB LIQUIDATING CORPORATION, Petitioner v.                       
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      


               Docket No. 12891-99.                 Filed January 19, 2001.           


               James P. Dalle Pazze, for petitioner.                                  
               Gerald A. Thorpe and Jack T. Anagnostis, for respondent.               


                       MEMORANDUM FINDINGS OF FACT AND OPINION                        
               GALE, Judge:  Respondent determined deficiencies in                    
          petitioner’s Federal income tax, and accuracy-related penalties,            
          as follows:                                                                 
                                             Accuracy-Related Penalty                 
               Year      Deficiency                Sec. 6662(a)                       
               1993      $11,805                  $1,915                              
               1994      13,511                   1,554                               
               1995      14,307                   1,597                               





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