First Teachers Inv. Corp. v. Commissioner

FIRST TEACHERS INVESTMENT CORPORATION, ET AL, 1 Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent

First Teachers Inv. Corp. v. Commissioner

Docket Nos. 2485-76, 2486-76, 2487-76.

United States Tax Court

T.C. Memo 1980-302; 1980 Tax Ct. Memo LEXIS 284; 40 T.C.M. (CCH) 892; T.C.M. (RIA) 80302;

August 7, 1980, Filed

Nathan Lewin,Jamie S. Gorelick and Robert D. Grossman, Jr., for the petitioners.

Frank J. Coyne, Jr., for the respondent.

IRWIN

MEMORANDUM FINDINGS OF FACT AND OPINION

IRWIN, Judge: Respondent determined deficiencies and additions to tax pursuant to section 6653(a) 2 as follows: 3

Dock…