Erickson Post Acquisition, Inc. v. Comm'r

ERICKSON POST ACQUISITION, INC., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Erickson Post Acquisition, Inc. v. Comm'r

No. 8218-00

United States Tax Court

T.C. Memo 2003-218; 2003 Tax Ct. Memo LEXIS 216; 86 T.C.M. (CCH) 111;

July 22, 2003, Filed

Judgment entered for petitioner.

Lee N. Johnson, for petitioner.

Reid M. Huey, for respondent.

Jacobs, Julian I.

JACOBS

MEMORANDUM FINDINGS OF FACT AND OPINION

JACOBS, Judge: Respondent determined deficiencies in petitioner's Federal income tax of $ 18,946 for 1996 and $ 1,719 for 1997.

The issue for decision is whether $ 175,000 petitioner received…