J. Ramsay Farah and Elizabeth Farah - Page 1

                                 T.C. Memo. 2007-369                                  

                              UNITED STATES TAX COURT                                 

                J. RAMSAY FARAH AND ELIZABETH FARAH, Petitioners v.                   
                   COMMISSIONER OF INTERNAL REVENUE, Respondent                       

               Docket No. 23412-05.         Filed December 19, 2007.                  

               Jurist Bruce Howard, for petitioners.                                  
               Jay A. Roberts and Ann M. Welhaf, for respondent.                      

                       MEMORANDUM FINDINGS OF FACT AND OPINION                        

               HAINES, Judge:  Respondent determined a deficiency in                  
          petitioners’ Federal income tax of $170,925 and a penalty under             
          section 6662(a) of $34,185, for 2001.1                                      

               1Unless otherwise indicated, section references are to the             
          Internal Revenue Code, as amended.  Rule references are to the              
          Tax Court Rules of Practice and Procedure.  Amounts are rounded             
          to the nearest dollar.                                                      

Page:  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  Next 

Last modified: March 27, 2008