Hauge v. Comm'r

STEPHANIE JANE HAUGE, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Hauge v. Comm'r

No. 21324-03

United States Tax Court

T.C. Memo 2005-276; 2005 Tax Ct. Memo LEXIS 271; 90 T.C.M. (CCH) 538;

November 29, 2005, Filed

Joseph Wetzel and Russell A. Sandor, for petitioner.

Wesley F. McNamara, for respondent.

Colvin, John O.

JOHN O. COLVIN

MEMORANDUM FINDINGS OF FACT AND OPINION

COLVIN, Judge: Respondent determined a $ 203,201 deficiency in petitioner's income tax for 1997. 1

Petitioner held a 99.5-percent partnership interest in O.M. Cook Co. (OMCC), a partnership engaged in the business of grass…