MONDERER v. COMMISSIONER

Docket No. 5212-65.

26 T.C.M. 125 (1967)

T.C. Memo. 1967-20

Elias Monderer and Regina Monderer v. Commissioner.

United States Tax Court.

Filed February 2, 1967.


Attorney(s) appearing for the Case

Bernard Goldstein, for the respondent.


Memorandum Opinion

SCOTT, Judge:

Respondent determined a deficiency in petitioners' income tax and addition to tax under section 6653(b), I. R. C. 1954, for the calendar year 1958 in the amounts of $914,152.23 and $457,076.12, respectively, and for the calendar year 1959 in the amounts of $3,220,974.01 and $1,610,487.01, respectively.

Petitioners are husband and wife residing in Kew Gardens, Long Island, New York.

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