Cleveland v. Commissioner

ROBERT E. CLEVELAND, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Cleveland v. Commissioner

Docket Nos. 1628-78, 1734-78, 1958-78.

United States Tax Court

T.C. Memo 1983-299; 1983 Tax Ct. Memo LEXIS 484; 46 T.C.M. (CCH) 257; T.C.M. (RIA) 83299;

May 26, 1983.

Phillip S. Makin, for the petitioner.

Judy Jacobs, for the respondent.

KORNER

MEMORANDUM FINDINGS OF FACT AND OPINION

KORNER, Judge: Respondent, using the net worth plus expenditures method of recomputing income, determined deficiencies in petitioner's Federal income taxes and additions to tax under section 6653(b) 1 as follows:

ADDITIO…