Michas v. Commissioner

NICHOLAS G. MICHAS AND JEAN D. MICHAS, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Michas v. Commissioner

Docket No. 18110-88.

United States Tax Court

T.C. Memo 1992-161; 1992 Tax Ct. Memo LEXIS 164; 63 T.C.M. (CCH) 2452; T.C.M. (RIA) 92161;

March 19, 1992, Filed

Decisions will be entered under Rule 155.

Joseph H. Thibodeau, for petitioners.

Frederick J. Lockhart, Jr., for respondent.

RUWE

RUWE

MEMORANDUM FINDINGS OF FACT AND OPINION

RUWE, Judge: Respondent determined a deficiency and additions to tax in petitioners' Federal income tax as follows:

Additions to Tax

Year

Deficiency

Sec.…