Interex, Inc. - Page 1

                                 T.C. Memo. 2002-57                                   

                               UNITED STATES TAX COURT                                

                            INTEREX, INC., Petitioner v.                              
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      

               Docket No. 17030-99.              Filed February 27, 2002.             

               Paul J. Dee, Jr., for petitioner.                                      
               Carina J. Campobasso, for respondent.                                  

                       MEMORANDUM FINDINGS OF FACT AND OPINION                        
               COHEN, Judge:  Respondent determined a deficiency of $67,473           
          in petitioner’s Federal income taxes for 1994 and a penalty of              
          $5,070 under section 6662.  After concessions, the issues for               
          decision are whether petitioner is entitled to a deduction for              
          professional fees in the amount of $65,000 for 1994 and whether             
          petitioner is liable for the penalty.  Unless otherwise                     

Page:   1  2  3  4  5  6  7  Next

Last modified: May 25, 2011