McCarty v. Commissioner

WILLIAM M. and JANICE E. McCARTY, Petitioners v. COMMISSIONER OF INTERNAL REVENUE

McCarty v. Commissioner

Docket No. 715-84.

United States Tax Court

T.C. Memo 1987-254; 1987 Tax Ct. Memo LEXIS 253; 53 T.C.M. (CCH) 854; T.C.M. (RIA) 87254;

May 18, 1987; Amended May 20, 1987

Gerald N. Daffner, for the petitioners.

Bradford A. Johnson, for the respondent.

PARR

MEMORANDUM FINDINGS OF FACT AND OPINION

PARR, Judge: Respondent determined deficiencies in petitioners' Federal income tax as follows:

Taxable Year

Deficiency

1978

$8,738.87

1979

9,994.78

1980

4,675.67

1981

3,757.00

1982

2,361.00

At trial, petitioners asserted…