Ronald B. and Annette C. Talmage - Page 1















                                 T.C. Memo. 2008-34                                   


                               UNITED STATES TAX COURT                                


                  RONALD B. AND ANNETTE C. TALMAGE, Petitioners v.                    
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      


               Docket No. 13002-05.             Filed February 19, 2008.              


               Robert G. Burt, for petitioners.                                       
               Shirley M. Francis and Aimee R. Lobo-Berg, for respondent.             


                       MEMORANDUM FINDINGS OF FACT AND OPINION                        

               HAINES, Judge:  Respondent determined deficiencies in Ronald           
          B. Talmage’s Federal income tax for 1998, 1999, 2000, and 2001 of           
          $532,265, $845,454, $1,189,294, and $108,913, respectively, as              
          well as additions to tax for 1998 and 1999 under section                    
          6651(a)(1) of $53,226 and $84,923, respectively, and fraud                  
          penalties under section 6663(a) for 1998, 1999, 2000, and 2001 of           






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Last modified: March 27, 2008