Bailey v. Commissioner

JAMES W. BAILEY, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Bailey v. Commissioner

Docket No. 34618-87

United States Tax Court

T.C. Memo 1989-674; 1989 Tax Ct. Memo LEXIS 674; 58 T.C.M. (CCH) 1030; T.C.M. (RIA) 89674;

December 27, 1989

Timothy J. Gillenwater, for the petitioner.

Aubrey C. Brown, for the respondent.

KORNER

MEMORANDUM OPINION

KORNER, Judge: For the calendar year 1985, respondent determined a deficiency of income tax in the amount of $ 223,396 against petitioner, together with additions to tax as follows:

Section 6651(a)(1) 1

$ 55,849

Section 6653(a)(1)

11,170

Section 6653(a)(2)