Kout v. Commissioner

Hylan H. Kout and Suzanne J. Kout v. Commissioner.

Kout v. Commissioner

Docket No. 5359-69

United States Tax Court

T.C. Memo 1972-212; 1972 Tax Ct. Memo LEXIS 47; 31 T.C.M. (CCH) 1044; T.C.M. (RIA) 72212;

October 2, 1972

Hylan H. Kout, pro se, 420 Lincoln Road, Miami Beach, Fla. Meno W. Piliaris, for the respondent.

STERRETT

Memorandum Findings of Fact and Opinion

STERRETT, Judge: The Commissioner determined deficiencies in petitioners' Federal income tax as follows:

Taxable Year

Amount

1965

$ 454.94

1966

1,248.61

Due to concessions, the issue remaining for adjudication is whether Hydaran Corporation was a…