Bragg v. Commissioner

JACKSON B. BRAGG AND SUZANNE BRAGG, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Bragg v. Commissioner

Docket No. 18827-90

United States Tax Court

T.C. Memo 1993-479; 1993 Tax Ct. Memo LEXIS 486; 66 T.C.M. (CCH) 1047;

October 18, 1993, Filed

Decision will be entered under Rule 155.

For petitioners: B. Gray Gibbs.

For respondent: Charles A. Baer.

WRIGHT

WRIGHT

MEMORANDUM FINDINGS OF FACT AND OPINION

WRIGHT, Judge: For taxable year 1985, respondent determined a $ 75,848 deficiency in petitioners' Federal income tax, an addition to tax for fraud under section 6653(b)(1) 1 in the amount $…