T.C. Memo. 2006-119 UNITED STATES TAX COURT WILLIAM C. AND JOSEPHINE HOUCHIN, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent W.C. HOUCHIN CORPORATION, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket Nos. 11944-03, 11945-03. Filed June 12, 2006. H. Cranston Pope, for petitioners. Stephen R. Takeuchi, for respondent. MEMORANDUM FINDINGS OF FACT AND OPINION VASQUEZ, Judge: Respondent determined a deficiency of $267,6611 and an accuracy-related penalty under section 6662(a)2 1 All amounts are rounded to the nearest dollar. 2 Unless otherwise indicated, all section references are to (continued...)Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Next
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