Chambers v. Comm'r

THOMAS F. AND KATHRYN H. CHAMBERS, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Chambers v. Comm'r

Docket No. 533-09.

United States Tax Court

T.C. Memo 2011-114; 2011 Tax Ct. Memo LEXIS 134; 101 T.C.M. (CCH) 1550;

May 31, 2011, Filed

Decision will be entered under Rule 155.

Scott W. Gross, for petitioners.

Ronald S. Collins, Jr., John A. Guarnieri, and Arslan Malik, for respondent.

WELLS, Judge.

WELLS

MEMORANDUM FINDINGS OF FACT AND OPINION

WELLS, Judge: Respondent determined income tax deficiencies of $37,594 and $18,769, and fraud penalties pursuant to section 66631 of $28,195.50 and…