Rollar Homes, Inc. v. Commissioner

ROLLAR HOMES, INC., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Rollar Homes, Inc. v. Commissioner

Docket No. 7035-85.

United States Tax Court

T.C. Memo 1987-166; 1987 Tax Ct. Memo LEXIS 162; 53 T.C.M. (CCH) 471; 8 Employee Benefits Cas. (BNA) 1615; T.C.M. (RIA) 87166;

March 26, 1987.

Bernard J. Lechner, for the petitioner.

Keith H. Johnson, for the respondent.

SHIELDS

MEMORANDUM FINDINGS OF FACT AND OPINION

SHIELDS, Judge: Respondent determined that petitioner has an income tax deficiency of $29,957.00 and an excise tax deficiency under section 4971 of $2,217.95 for the fiscal year…