Barrier v. United States

OPINION

WOOD, Judge:

This action, to recover federal income tax, penalties, and interest of approximately $92,000, alleged to have been erroneously assessed against and collected from plaintiffs for the calendar year 1972, is presently before the court following trial limited to a single issue raised by way of offset in defendant’s answer to the first amended petition filed herein June 10, 1981. The issue tried is the “inventory issue,” defined in an order filed February 26,1982, and discussed and decided below.1

For the reasons hereinafter appearing, it is concluded that plaintiffs’ complaint…