John H. Lary, Jr. And Sherry S. Lary v. Commissioner of Internal Revenue

Appellants John H. Lary, Jr. and Sherry S.Lary filed a timely notice of appeal from the decision of the Tax Court determining deficiencies in their taxes for the years 1978 and 1979.

We have carefully reviewed the record and the briefs filed by and on behalf of the parties. The Memorandum Findings of Fact and Opinion by Judge B. John Williams, Jr. filed March 26,1987 adequately and correctly states the facts (which were stipulated) and the conclusions of law to be drawn from those facts.

The decision of the Tax Court is AFFIRMED on the basis of the Memorandum Findings of Fact and Opinion of…