Vasta v. Commissioner

PHILIP VASTA, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Vasta v. Commissioner

Docket No. 30840-87

United States Tax Court

T.C. Memo 1989-531; 1989 Tax Ct. Memo LEXIS 531; 58 T.C.M. (CCH) 263; T.C.M. (RIA) 89531;

September 27, 1989

Richard H. Champion, for the petitioner.

Robert N. Trgovich, for the respondent.

TANNENWALD

MEMORANDUM OPINION

TANNENWALD, Judge: Respondent determined a deficiency of $ 3,654,711.00 in petitioner's Federal income tax for the year 1986 and additions to tax of $ 913,678.00 under section 6661, 1 $ 176,827.66 under section 6654(a), and $ 1,827,355.50 and 50…