Tharp v. Commissioner

ALLEN D. THARP AND MARGIE N. THARP, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Tharp v. Commissioner

Docket No. 27587-86

United States Tax Court

T.C. Memo 1989-406; 1989 Tax Ct. Memo LEXIS 404; 57 T.C.M. (CCH) 1190; T.C.M. (RIA) 89406;

August 7, 1989

James T. Knight and James P. Knight, Jr., for the petitioners.

Helen C. T. Smith, for the respondent.

SCOTT

MEMORANDUM FINDINGS OF FACT AND OPINION

SCOTT, Judge: Respondent determined deficiencies and additions to tax in petitioners' income tax for the years and in the amounts as follows:

Addition to tax,

Tax Year Ended

Deficiency

Sec. 6653(b)…