Fraley v. Commissioner

OSCAR M. FRALEY AND MAGDALINE R. FRALEY, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Fraley v. Commissioner

Docket No. 10808-91

United States Tax Court

T.C. Memo 1993-304; 1993 Tax Ct. Memo LEXIS 311; 66 T.C.M. (CCH) 100;

July 14, 1993, Filed

Decision will be entered under Rule 155.

For petitioners: John R. James.

For respondent: Mario J. Fazio.

PARKER

PARKER

MEMORANDUM FINDINGS OF FACT AND OPINION

PARKER, Judge: Respondent determined a deficiency in petitioners' Federal income tax for the taxable year 1987 in the amount of $ 43,164.07. Respondent also determined additions to tax under…