Vukasovich, Inc. v. Commissioner

VUKASOVICH, INC., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Vukasovich, Inc. v. Commissioner

Docket No. 1615-83.

United States Tax Court

T.C. Memo 1984-611; 1984 Tax Ct. Memo LEXIS 61; 49 T.C.M. (CCH) 147; T.C.M. (RIA) 84611;

November 21, 1984.

John F. Hopkins, for the petitioner.

Lin Murphy, for the respondent.

GERBER

MEMORANDUM OPINION

GERBER, Judge*: Respondent determined a deficiency in petitioner's Federal income tax for the taxable year ended August 31, 1978, in the amount of $116,507. The parties have made certain concessions that leave for our consideration the following…