Babin v. Commissioner

C. STEPHEN AND BETTY BOEHM BABIN, Petitioners v. COMMISSIONER OF INTERNAL REVENUE,Respondent

Babin v. Commissioner

Docket No. 17993-89

United States Tax Court

T.C. Memo 1992-673; 1992 Tax Ct. Memo LEXIS 717; 64 T.C.M. (CCH) 1357;

November 23, 1992, Filed

Decision will be entered under Rule 155.

For Petitioners: J. Timothy Bender, Aaron H. Bulloff, and Timothy J. O'Shaughnessy.

For Respondent: Jeffrey J. Erney.

WELLS

WELLS

MEMORANDUM FINDINGS OF FACT AND OPINION

WELLS, Judge: Respondent determined deficiencies in petitioners' Federal income taxes as follows:

Year

Deficiency

1978

$ 130,730

1979

173,179

1982

76,768

A…