Merit Tank & Body, Inc. v. Commissioner

MERIT TANK AND BODY, INC., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Merit Tank & Body, Inc. v. Commissioner

Docket No. 8380-78.

United States Tax Court

T.C. Memo 1980-175; 1980 Tax Ct. Memo LEXIS 410; 40 T.C.M. (CCH) 368; T.C.M. (RIA) 80175;

May 19, 1980, Filed

David Loyal Jones, for the petitioner.

Joyce Elaine Britt, for the respondent.

TANNENWALD

MEMORANDUM FINDINGS OF FACT AND OPINION

TANNENWALD, Judge: Respondent determined a deficiency of $10,182 in petitioner's Federal corporation income tax for the year 1974.The only issue for decision is whether petitioner is entitled to a…