Parkside, Inc. v. Commissioner

PARKSIDE, INC., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

BEACONCREST, INC., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Parkside, Inc. v. Commissioner

Docket Nos. 2885-71; 2886-71

United States Tax Court

T.C. Memo 1975-14; 1975 Tax Ct. Memo LEXIS 359; 34 T.C.M. (CCH) 54; T.C.M. (RIA) 750014;

January 27, 1975, Filed

Philip H. Long (an officer), for the petitioners.

Robert T. Hollihan, for the respondent.

HALL

MEMORANDUM FINDINGS OF FACT AND OPINION

HALL, Judge: Respondent determined deficiencies in the Federal income tax of petitioners Parkside, Inc. ("Parkside") and…