Boyd v. Commissioner

CAUTHION T. BOYD, JR., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Boyd v. Commissioner

Docket No. 5893-79.

United States Tax Court

T.C. Memo 1981-528; 1981 Tax Ct. Memo LEXIS 208; 42 T.C.M. (CCH) 1136; T.C.M. (RIA) 81528;

September 22, 1981.

Robert G. Elrod, for the petitioner.

Michael J. Rusnak, for the respondent.

FAY

MEMORANDUM FINDINGS OF FACT AND OPINION

FAY, Judge: Respondent determined deficiencies of $ 3,838.92 and $ 4,369.91 in petitioner's Federal income taxes for 1976 and 1977, respectively. The only issue for decision is whether petitioner may exclude from his gross income…