Barnett Banks, Inc. & Subsidiaries - Page 2




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          deficiencies, additions to tax, and a penalty in petitioner’s               
          Federal income taxes as follows:                                            
          Docket No. 4256-98:                                                         
                                   Additions to Tax                                   
                                  Sec.6653       Sec.6653       Penalty              
          Year      Deficiency     (a)(1)(A)      (a)(1)(B)      Sec.6661             
                                                                                     
          12/31/83  $2,406,964     –-             –-             –-                   
          12/31/84      21,943        –-             –-             –-                
          12/31/85     472,184        –-             –-             –-                
          12/31/86   8,322,020     $468,607       *         $2,098,710                
          12/31/87  17,295,902     980,439        *              –-                   
          *50 percent of the interest due on $8,394,838 and $15,047,884 for           
          1986 and 1987, respectively.                                                
          Docket No. 4866-98:                                                         
          Year             Deficiency                                                 
          12/31/88       $452,426                                                     
          12/31/89       1,983,005                                                    
          12/31/90       404,620                                                      
          12/31/91       772,825                                                      
          12/31/92       8,017,277                                                    
          12/31/93       4,300,188                                                    
          12/31/94       2,900,914                                                    
               Unless otherwise indicated, all section references are to              
          the Internal Revenue Code in effect for the years in issue, and             
          all Rule references are to the Tax Court Rules of Practice and              
          Procedure.  The issue for decision is whether petitioner is                 
          entitled to use the reserve method of accounting for bad debts              
          under section 593 for the taxable years 1986 through 1994.                  
               Summary judgment is intended to expedite litigation and                
          avoid unnecessary and expensive trials.  Fla. Peach Corp. v.                
          Commissioner, 90 T.C. 678, 681 (1988).  Summary judgment may be             






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