T.C. Memo. 2003-218
UNITED STATES TAX COURT
ERICKSON POST ACQUISITION, INC., Petitioner v.
COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 8218-00. Filed July 22, 2003.
Lee N. Johnson, for petitioner.
Reid M. Huey, for respondent.
MEMORANDUM FINDINGS OF FACT AND OPINION
JACOBS, Judge: Respondent determined deficiencies in
petitioner’s Federal income tax of $18,946 for 1996 and $1,719
for 1997.
The issue for decision is whether $175,000 petitioner
received from Amoco Oil Co. (Amoco) in 1996 is deferred income
Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Next
Last modified: May 25, 2011