King Solarman, Inc. v. Commissioner

T.C. Memo. 2019-103

UNITED STATES TAX COURT KING SOLARMAN, INC., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 19969-17. Filed August 19, 2019. Steve Mather and Lydia B. Turanchik, for petitioner. Cassidy B. Collins and Christine A. Fukushima, for respondent. MEMORANDUM FINDINGS OF FACT AND OPINION LAUBER, Judge: With respect to petitioner’s Federal income tax for its fiscal year ending April 30, 2015, the Internal Revenue Service (IRS or respond- ent) determined a deficiency of $1,929,212 and an accuracy-related penalty of $385,842. Petitioner manufactures and sells…