PRECISION PINE & TIMBER, INC. v. COMMISSIONER

PRECISION PINE & TIMBER, INC., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

PRECISION PINE & TIMBER, INC. v. COMMISSIONER

No. 11951-00S

United States Tax Court

T.C. Summary Opinion 2003-19; 2003 Tax Ct. Summary LEXIS 18;

March 12, 2003, Filed

PURSUANT TO INTERNAL REVENUE CODE SECTION 7463(b), THIS OPINION MAY NOT BE TREATED AS PRECEDENT FOR ANY OTHER CASE.

Lorin D. Porter (an officer), for petitioner.

Charles B. Burnett, for respondent.

Dean, John F.

Dean, John F.

DEAN, Special Trial Judge: This case was heard pursuant to the provisions of section 7463 of the Internal Revenue Code in…