Hunt & Sons, Inc. v. Comm'r

HUNT & SONS, INC., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Hunt & Sons, Inc. v. Comm'r

No. 5127-00

United States Tax Court

T.C. Memo 2002-65; 2002 Tax Ct. Memo LEXIS 69; 83 T.C.M. (CCH) 1345; T.C.M. (RIA) 54675;

March 8, 2002, Filed

Petitioner deducted rent in excess of fair market rental value for two of six properties; deductions disallowed in amount of that excess. Petitioner not liable for accuracy-related penalties under section 6662(a).

Michael P. Casterton, for petitioner.

Christian A. Speck, for respondent.

Beghe, Renato

BEGHE

MEMORANDUM FINDINGS OF FACT AND OPINION

BEGHE,…