MAXWELL v. COMMISSIONER

Docket Nos. 2259-68 and 2265-68.

29 T.C.M. 1356 (1970)

T.C. Memo. 1970-293

Walter F. Maxwell and Donna M. Maxwell v. Commissioner. W. F. Maxwell, Inc. v. Commissioner.

United States Tax Court.

Filed October 20, 1970.


Attorney(s) appearing for the Case

James O. Hewitt and Thomas F. Greaves, U. S. Nat'l Bank Bldg., San Diego, Calif., for the petitioners. J. Earl Gardner, for the respondent.


Memorandum Findings of Fact and Opinion

SCOTT, Judge:

Respondent determined deficiencies in the income taxes of petitioners Walter F. and Donna M. Maxwell for the calendar years 1964 and 1965 in the amounts of $9,826 and $8,469, respectively, and deficiencies in the income taxes of W. F. Maxwell, Inc., for its fiscal years ended January 31, 1965 and January 31, 1966, in the amounts of $237,602.87 and $187,465.52, respectively.

Certain of the issues...

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