Velvet Horn, Inc. v. Commissioner

VELVET HORN, INC., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Velvet Horn, Inc. v. Commissioner

Docket Nos. 11171-77, 12052-78.

United States Tax Court

T.C. Memo 1981-227; 1981 Tax Ct. Memo LEXIS 516; 41 T.C.M. (CCH) 1445; T.C.M. (RIA) 81227;

May 6, 1981.

William J. Currer, Jr., and Arthur G. Longoria, for the petitioner.

Irene Scott Carroll, for the respondent.

FORRESTER

MEMORANDUM FINDINGS OF FACT AND OPINION

FORRESTER, Judge: Respondent has determined deficiencies in petitioner's Federal income tax as follows:

Docket No.

Year Ending

Deficiency

12052-78

6/30/72

$ 1,046.52

11171-77

6/30/73

24,27…