White's Iowa Manual Labor Inst. v. Commissioner

WHITE'S IOWA MANUAL LABOR INSTITUTE, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

White's Iowa Manual Labor Inst. v. Commissioner

Docket No. 14190-90

United States Tax Court

T.C. Memo 1993-364; 1993 Tax Ct. Memo LEXIS 376; 66 T.C.M. (CCH) 389;

August 18, 1993, Filed

Decision will be entered for petitioner.

For petitioner: Ronald L. Mountsier.

For respondent: Jeffrey A. Schlei.

SHIELDS

SHIELDS

MEMORANDUM FINDINGS OF FACT AND OPINION

SHIELDS, Judge: Respondent determined deficiencies in petitioner's Federal income taxes as follows:

Year

Deficiency

1986

$ 31,759

1987

20,426

1988

29,410

After…