White's Ferry v. Commissioner

WHITE'S FERRY, INC., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

White's Ferry v. Commissioner

Docket Nos. 19204-90, 25984-91

United States Tax Court

T.C. Memo 1993-639; 1993 Tax Ct. Memo LEXIS 650; 66 T.C.M. (CCH) 1855;

December 29, 1993, Filed

For petitioner: Rex L. Sturm and R. Edwin Brown.

For respondent: Sandra M. Jefferson.

SWIFT

SWIFT

MEMORANDUM FINDINGS OF FACT AND OPINION

SWIFT, Judge: Respondent determined a deficiency of $ 86,549 (including $ 2,981 in personal holding company tax) in petitioner's (White's Ferry) corporate Federal income tax for White's Ferry's taxable year…