Burt Kroner v. Commissioner

T.C. Memo. 2020-73

UNITED STATES TAX COURT BURT KRONER, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 23983-14. Filed June 1, 2020. Barbara T. Kaplan, Scott E. Fink, and G. Michelle Ferreira, for petitioner. Carina J. Campobasso, for respondent. MEMORANDUM FINDINGS OF FACT AND OPINION MARVEL, Judge: In a notice of deficiency dated July 10, 2014, respondent determined income tax deficiencies for taxable years 2005, 2006, and 2007 of $1,635,206, $5,765,384, and $1,821,277, respectively, and accuracy-related -2- [*2] penalties under section 66621 of $327,041, $1,153,077, and…