Heritage Auto Ctr. v. Commissioner

HERITAGE AUTO CENTER, INC., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Heritage Auto Ctr. v. Commissioner

Docket No. 26362-92

United States Tax Court

T.C. Memo 1996-21; 1996 Tax Ct. Memo LEXIS 24; 71 T.C.M. (CCH) 1839;

January 23, 1996, Filed

Decision will be entered under Rule 155.

Patricia Tucker, for petitioner.

Thomas F. Eagan, for respondent.

PARR

PARR

MEMORANDUM FINDINGS OF FACT AND OPINION

PARR, Judge: Respondent determined deficiencies in petitioner's Federal income tax for 1988 and 1989 of $ 482 and $ 213,139, respectively. By amended answer, respondent asserted increased…