John Karason - Page 1















                                 T.C. Memo. 2007-103                                  


                               UNITED STATES TAX COURT                                


                             JOHN KARASON, Petitioner v.                              
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      


               Docket No. 12296-05.             Filed April 26, 2007.                 


               John Timothy Bender and J. Scott Broome, for petitioner.               
               Mark D. Eblen, for respondent.                                         


                       MEMORANDUM FINDINGS OF FACT AND OPINION                        

               HAINES, Judge:  Respondent determined a deficiency in                  
          petitioner’s Federal income tax for 2001 of $14,575, as well as             
          an addition to tax under section 6662(a) of $2,915.1                        

               1 Unless otherwise indicated, all section references are to            
          the Internal Revenue Code, as amended, and Rule references are to           
          the Tax Court Rules of Practice and Procedure.  Amounts are                 
                                                             (continued...)           





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