Jensen v. Commissioner

DREW JENSEN and MARY JENSEN, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Jensen v. Commissioner

Docket No. 8040-77.

United States Tax Court

T.C. Memo 1979-379; 1979 Tax Ct. Memo LEXIS 147; 39 T.C.M. (CCH) 163; T.C.M. (RIA) 79379;

September 17, 1979, Filed

William H. Adams, for the petitioners.

Richard W. Kennedy, for the respondent.

FAY

MEMORANDUM OPINION

FAY, Judge: Respondent determined deficiencies in petitioners' Federal income taxes as follows:

Year

Deficiency

1970

$4,762.68

1971

5,662.82

1973

8,947.96

Concessions having been made, the only issue remaining for decision is whether Drew…