Shea v. Commissioner

RICHARD E. SHEA AND WENDY SHEA, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Shea v. Commissioner

Docket No. 11385-89

United States Tax Court

T.C. Memo 1991-518; 1991 Tax Ct. Memo LEXIS 565; 62 T.C.M. (CCH) 1027; T.C.M. (RIA) 91518;

October 15, 1991, Filed

Decision will be entered under Rule 155.

Albert L. Grasso and Steven B. Wolf, for the petitioners.

Vijay S. Rajan and Joseph T. Ferrick, for the respondent.

HAMBLEN, Judge.

HAMBLEN

MEMORANDUM FINDINGS OF FACT AND OPINION

Respondent determined a deficiency and additions to tax in Richard E. and Wendy Shea's (petitioners) 1983 Federal…