Knutsen-Rowell, Inc. v. Comm'r

KNUTSEN-ROWELL, INC. ET AL., 1 Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Knutsen-Rowell, Inc. v. Comm'r

Docket Nos. 27626-07, 27628-07, 27629-07.

United States Tax Court

T.C. Memo 2011-65; 2011 Tax Ct. Memo LEXIS 63; 101 T.C.M. (CCH) 1293;

March 16, 2011, Filed

Decisions will be entered under Rule 155.

Cruz Saavedra, for petitioners.

Carolyn A. Schenck and Scott B. Burkholder, for respondent.

GOEKE, Judge.

GOEKE

MEMORANDUM FINDINGS OF FACT AND OPINION

GOEKE, Judge: These three cases are consolidated for purposes of trial, briefing, and opinion. One case involves the Federal income tax…