Realty Settlement Corp. v. Commissioner

REALTY SETTLEMENT CORP., FRANK J. BONA AND NANCY J. BONA, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Realty Settlement Corp. v. Commissioner

Docket No. 10813-78.

United States Tax Court

T.C. Memo 1980-232; 1980 Tax Ct. Memo LEXIS 352; 40 T.C.M. (CCH) 569; T.C.M. (RIA) 80232;

July 3, 1980, Filed

Frank J. Bona, for the petitioners. David R. Smith, for the respondent.

TANNENWALD

MEMORANDUM FINDINGS OF FACT AND OPINION

TANNENWALD, Judge: Respondent determined deficiencies in petitioners' Federal income taxes and additions to tax as follows:

Additions to Tax

Petitioner

Year

Deficiency

Sec.…