Gardner N. Marcy & Maria Marcy v. Commissioner

T.C. Memo. 2018-42

UNITED STATES TAX COURT GARDNER N. MARCY AND MARIA MARCY, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 12149-04. Filed April 3, 2018. Kyle R. Coleman, for petitioners. Richard J. Hassebrock, John W. Stevens, and Anne M. Craig, for respondent. MEMORANDUM FINDINGS OF FACT AND OPINION GALE, Judge: Petitioners petitioned the Court to redetermine respondent’s determination of a $255,163 deficiency in their Federal income tax for 2000 and a -2- [*2] $51,033 accuracy-related penalty under section 6662(a) and (b)(1) and (2).1 The determination stems from…