Pau v. Commissioner

PETER S. PAU AND SUSANNA H. PAU, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Pau v. Commissioner

Docket No. 20475-94.

United States Tax Court

T.C. Memo 1997-43; 1997 Tax Ct. Memo LEXIS 59; 73 T.C.M. (CCH) 1819;

January 27, 1997, Filed

Decision will be entered under Rule 155.

John M. Youngquist, for petitioners.

Patricia Anne Golembiewski, for respondent.

PARR, Judge

PARR

MEMORANDUM FINDINGS OF FACT AND OPINION

PARR, Judge: Respondent determined a deficiency in and a penalty on petitioners' 1990 Federal income tax as follows:

Penalty

Year

Deficiency

Sec. 6662(a)

1990

$ 438,692

$ 61,040

On November…