Robert G. Taylor, II v. Commissioner

T.C. Memo. 2019-102

UNITED STATES TAX COURT ROBERT G. TAYLOR, II, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 400-13. Filed August 19, 2019. William Lance Stodghill, for petitioner. Thomas Lee Fenner, for respondent. MEMORANDUM FINDINGS OF FACT AND OPINION PARIS, Judge: Respondent determined deficiencies in petitioner’s 2007 and 2008 Federal income tax of $354,024 and $403,676, respectively, and accuracy-related penalties pursuant to section 6662(a) of $70,804.80 and -2- [*2] $80,735.20, respectively.1 After concessions by the parties,2 the remaining issues for decision…