Nelson v. Commissioner

LOWELL E. NELSON AND JACQUELINE N. NELSON, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Nelson v. Commissioner

Docket Nos. 15818-83, 15819-83.

United States Tax Court

T.C. Memo 1985-292; 1985 Tax Ct. Memo LEXIS 341; 50 T.C.M. (CCH) 161; T.C.M. (RIA) 85292;

June 18, 1985.

Mark Arth, for the petitioners.

Barbara A. Olson, for the respondent.

FAY

MEMORANDUM OPINION

FAY, Judge:* Respondent determined the following deficiencies in petitioners' Federal income tax:

Year

Deficiency

1976

$3,087

1977

4,165

1978

1,205

1979

3,015

After concessions, the sole issue is whether petitioners are entitled to an…