Watts Copy Sys. v. Commissioner

WATTS COPY SYSTEMS, INC., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Watts Copy Sys. v. Commissioner

Docket Nos. 20676-91, 4910-92

United States Tax Court

T.C. Memo 1994-124; 1994 Tax Ct. Memo LEXIS 132; 67 T.C.M. (CCH) 2480;

March 28, 1994, Filed

Decision will be entered under Rule 155.

For petitioner: Albert L. Grasso, John P. Fadden, and Steven B. Wolf.

For respondent: Michael W. Bitner.

SWIFT

SWIFT

MEMORANDUM FINDINGS OF FACT AND OPINION

SWIFT, Judge: In two notices of deficiency dated June 12 and December 6, 1991, respondent determined deficiencies in petitioner's corporate Federal…