Betson v. Commissioner

J. R. BETSON, JR., AND JOAN SUE BETSON, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Betson v. Commissioner

Docket No. 2437-78.

United States Tax Court

T.C. Memo 1984-264; 1984 Tax Ct. Memo LEXIS 411; 48 T.C.M. (CCH) 113; T.C.M. (RIA) 84264;

May 15, 1984.

Ronald K. Van Wert, for the petitioners.

Dennis Brager, for the respondent.

PARKER

MEMORANDUM FINDINGS OF FACT AND OPINION

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

Addition to Tax

Addition to Tax

Year

Deficiency

Section 6653(a) 1

Section 6651(a)

1970

$61,492.58

$3,101.54

$3,0…