Askew v. Commissioner

JOHN D. ASKEW AND NONA B. ASKEW, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Askew v. Commissioner

Docket No. 15898-80.

United States Tax Court

T.C. Memo 1985-100; 1985 Tax Ct. Memo LEXIS 531; 49 T.C.M. (CCH) 876; T.C.M. (RIA) 85100;

March 6, 1985.

E. J. Ball and Kenneth R. Mourton for the petitioners.

William B. Lowrance, for the respondent.

FEATHERSTON

MEMORANDUM FINDINGS OF FACT AND OPINION

FEATHERSTON, Judge: Respondent determined deficiencies in and additions to petitioners' Federal income taxes as set forth below:

Addition to Tax

Sec. 6653(b),

Year

Deficiency

I.R.C. 1954

1970

$126,161.00

$…