Hageman v. Commissioner

Thomas M. Hageman v. Commissioner.

Hageman v. Commissioner

Docket No. 1354-67.

United States Tax Court

T.C. Memo 1970-162; 1970 Tax Ct. Memo LEXIS 192; 29 T.C.M. (CCH) 715; T.C.M. (RIA) 70162;

June 22, 1970, Filed

Richard W. Roe, 2900 E. Oakland Pk., Fort Lauderdale, Fla., for the petitioner. W. Reeder Glass, for the respondent.

RAUM

Memorandum Findings of Fact and Opinion

The Commissioner determined a deficiency of $48,450.85 in the taxpayer's income tax for the calendar year 1964 and a five percent addition to the tax under section 6653(a), I.R.C. 1954, in the amount of $2,422.54. The only issues…