Bassett v. Commissioner

ALBERT W. BASSETT and MARY H. BASSETT, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Bassett v. Commissioner

Docket No. 8166-73.

United States Tax Court

T.C. Memo 1976-14; 1976 Tax Ct. Memo LEXIS 389; 35 T.C.M. (CCH) 40; T.C.M. (RIA) 760014;

January 20, 1976, Filed

Jack W. Hawkins and Suzan E. Riddle, for the petitioners.

Douglas R. Fortney, for the respondent.

FAY

MEMORANDUM FINDINGS OF FACT AND OPINION

FAY, Judge: Respondent determined deficiencies in petitioners' Federal income taxes of $280.72 and $10,701.61 for the years 1969 and 1970, respectively.

Concessions having been made, it…