Frederic W. Thrane, Jr. - Page 1

                                 T.C. Memo. 2006-269                                  

                               UNITED STATES TAX COURT                                

                       FREDERIC W. THRANE, JR., Petitioner v.                         
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      

               Docket No. 7367-04.      Filed December 18, 2006.                      

               Robert J. Gumser, for petitioner.                                      
               Michael S. Hensley, for respondent.                                    

                       MEMORANDUM FINDINGS OF FACT AND OPINION                        

               GALE, Judge:  Respondent determined an income tax deficiency           
          of $80,922 and a section 6662(a)1 accuracy-related penalty of               
          $14,918 with respect to petitioner's 2001 taxable year.  After              

               1 Unless otherwise indicated, all section references are to            
          the Internal Revenue Code of 1986 as in effect for the taxable              
          year in issue, and all Rule references are to the Tax Court Rules           
          of Practice and Procedure.                                                  

Page:   1  2  3  4  5  6  7  8  9  10  11  12  13  Next

Last modified: May 25, 2011