Executive Network Club v. Commissioner

EXECUTIVE NETWORK CLUB, INC., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Executive Network Club v. Commissioner

Docket No. 22204-92

United States Tax Court

T.C. Memo 1995-21; 1995 Tax Ct. Memo LEXIS 24; 69 T.C.M. (CCH) 1680;

January 18, 1995, Filed

Decision will be entered under Rule 155.

For petitioner: Joseph L. Gibson, Jr.

For respondent: Aretha Jones and David L. Click.

RUWE

RUWE

MEMORANDUM FINDINGS OF FACT AND OPINION

RUWE, Judge: Respondent determined a deficiency of $ 154,810.16 in petitioner's 1991 Federal income tax.

The issues for decision are: (1) Whether petitioner's casino…