Joseph Gann, Inc. v. Commissioner

JOSEPH GANN, INC., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent.

Joseph Gann, Inc. v. Commissioner

Docket No. 14244-78.

United States Tax Court

T.C. Memo 1982-104; 1982 Tax Ct. Memo LEXIS 642; 43 T.C.M. (CCH) 682; T.C.M. (RIA) 82104;

March 1, 1982.

William Gabovitch and Steven A. Gabovitch, for the petitioner.

Barry J. Laterman, for the respondent.

TANNENWALD

MEMORANDUM FINDINGS OF FACT AND OPINION

TANNENWALD, Chief Judge: Respondent determined the following deficiencies in petitioner's Federal income taxes:

Taxable year ended

Deficiency

October 31, 1973

$ 80,766.51

October 31, 1974

138,203.51

Oc…