JFM, Inc. v. Commissioner

JFM, INC. AND SUBSIDIARIES, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

JFM, Inc. v. Commissioner

Docket No. 2470-92

United States Tax Court

T.C. Memo 1994-239; 1994 Tax Ct. Memo LEXIS 234; 67 T.C.M. (CCH) 3020;

May 26, 1994, Filed; As Corrected June 6, 1994

For petitioner: Harris H. Barnes III.

For respondent: J. Craig Young.

GERBER

GERBER

MEMORANDUM FINDINGS OF FACT AND OPINION

GERBER, Judge: Respondent determined deficiencies in petitioner's 1986 and 1987 consolidated Federal income tax in the amounts of $ 60,558 and $ 30,508, respectively. The issues presented for our consideration…