J & M Futon Covers Corp. v. Commissioner

SUMMARY ORDER

Petitioner J & M Futon Covers Corp. (“J & M”) appeals from two decisions of the Tax Court, which held J & M liable for past income tax due, as well as a related penalty, for the years 2006 and 2007. In substance, the Tax Court disallowed J & M’s claimed income tax deductions for money spent covering certain car leases and some highway tolls for its employees and officers. We review the legal rulings of the Tax Court de novo and its factual determinations for clear error. City Wide Transit, Inc. v. C.I.R., 709 F.3d 102, 106 (2d Cir.2013); see also 26 U.S.C. § 7482(a)(1) (providing…