Alioto v. Commissioner

JOSEPH L. ALIOTO and ANGELINA G. ALIOTO, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Alioto v. Commissioner

Docket Nos. 2251-77, 566-79.

United States Tax Court

T.C. Memo 1980-360; 1980 Tax Ct. Memo LEXIS 227; 40 T.C.M. (CCH) 1147; T.C.M. (RIA) 80360;

September 8, 1980, Filed

Charles A. Lane, for the petitioners.

Jerome Borison, for the respondent.

SCOTT

MEMORANDUM FINDINGS OF FACT AND OPINION

SCOTT, Judge: Respondent determined deficiencies in petitioners' income tax for the years and in the amounts as follows:

Year

Deficiencies

Ended

in Income Tax

1967

$240,128.72

1969

7,050.66

1970

10,350.51

197…