Dunmire v. Commissioner

PAUL L. DUNMIRE AND ESTHER DUNMIRE, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Dunmire v. Commissioner

Docket No. 9972-79.

United States Tax Court

T.C. Memo 1981-372; 1981 Tax Ct. Memo LEXIS 373; 42 T.C.M. (CCH) 438; T.C.M. (RIA) 81372;

July 20, 1981.

Michael E. Hoover, for the petitioners.

Edward F. Peduzzi, Jr., for the respondent.

DAWSON

MEMORANDUM FINDINGS OF FACT AND OPINION

DAWSON, Judge: Respondent determined a deficiency in petitioners' Federal income tax for the calendar year 1976 in the amount of $ 7,225.

At issue are (1) whether advances made by petitioners to Euwer's, Inc.,…