Davis v. Commissioner

BENJAMIN I. DAVIS AND MOLLIE M. (MYRTLE S.) DAVIS, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Davis v. Commissioner

Docket No. 3557-70.

United States Tax Court

T.C. Memo 1972-235; 1972 Tax Ct. Memo LEXIS 22; 31 T.C.M. (CCH) 1155; T.C.M. (RIA) 72235;

November 27, 1972, Filed

W. Stuart McCloy and P. K. Seidman, for the petitioners. John B. Harper, for the respondent.

DAWSON

MEMORANDUM OPINION

DAWSON, Judge: Respondent determined deficiencies in petitioners' Federal income taxes for the years 1966 and 1967 in the respective amounts of $22,402.38 and $65,282.88. The only issue to be…