Lobo v. Commissioner

MARIO J. LOBO, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Lobo v. Commissioner

Docket No. 6822-86.

United States Tax Court

T.C. Memo 1988-28; 1988 Tax Ct. Memo LEXIS 28; 54 T.C.M. (CCH) 1598; T.C.M. (RIA) 88028;

January 25, 1988.

Alan J. Garfunkel and Marc S. Orlofsky, for the petitioner.

John J. Ferrante, for the respondent.

TANNENWALD

MEMORANDUM OPINION

TANNENWALD, Judge: Respondent determined the following deficiencies in petitioner's Federal income tax:

Year

Deficiency

1981

15,162.00

1982

794.00

After concessions by the parties, the sole issue for decision is whether, in 1981, petitioner's…