Herbert G. Hatt and the Albert Johann & Sons Company, Inc. v. Commissiomer of Internal Revenue

This appeal involves the consolidated federal income tax cases of Herbert G. Hatt, an individual taxpayer (Hatt), and The Albert Johann & Sons Company, Inc., a corporate taxpayer (Johann). Following a trial, the Tax Court of the United States, Judge C. Moxley Feather-stone presiding, rendered separate decisions on May 7, 1970. The memorandum findings of fact and opinion of the Tax Court are reported in 28 T.C.M. 1194, Herbert G. Hatt. The Tax Court reduced the amount of. the Commissioner’s deficiencies and additions to tax for the taxable years 1957 through 1962 of Hatt to $22,845.85 and…