Hunt v. Commissioner

H. L. Hunt and Ruth Ray Hunt v. Commissioner.

Hunt v. Commissioner

Docket No. 229-66.

United States Tax Court

T.C. Memo 1968-161; 1968 Tax Ct. Memo LEXIS 136; 27 T.C.M. (CCH) 791; T.C.M. (RIA) 68161;

July 29, 1968. Filed

Ivan Irwin and Ralph B. Shank, 2827 First Nat'l Bank Bldg., Dallas, Tex., for the petitioners. Roy E. Graham, for the respondent.

SCOTT

Memorandum Findings of Fact and Opinion

SCOTT, Judge: Respondent determined deficiencies in petitioners' income tax for the calendar years 1958, 1959, and 1960 in the amounts of $265.48, $830,196.78, and $68,524.85, respectively.

The parties have…