I.L. Constr., Inc. v. Commissioner

I.L. CONSTRUCTION, INC., ET AL., 1 Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent

I.L. Constr., Inc. v. Commissioner

Docket Nos. 12765-85; 12766-85; 15860-85; 29055-85; 41424-85.

United States Tax Court

T.C. Memo 1989-199; 1989 Tax Ct. Memo LEXIS 199; 57 T.C.M. (CCH) 264; T.C.M. (RIA) 89199;

April 27, 1989; As corrected May 2, 1989

Theodore F. Brill and William H. Karo, for the petitioners.

Mitchell I. Horowitz, for the respondent.

WELLS

MEMORANDUM FINDINGS OF FACT AND OPINION

WELLS, Judge: Respondent determined deficiencies in and additions to petitioners' income tax as follows:

Taxable

Corp…