SONEL RESEARCH AND DEVELOPMENT, INC. v. COMMISSIONER

Docket No. 3554-72.

34 T.C.M. 1021 (1975)

T.C. Memo. 1975-235

Sonel Research and Development, Inc. v. Commissioner.

United States Tax Court.

Filed July 16, 1975.


Attorney(s) appearing for the Case

W. Vaughn Ellsworth, 505 S. Country Club Dr., Mesa, Ariz., for the petitioner. Harry Beckhoff, for the respondent.


Memorandum Findings of Fact and Opinion

FORRESTER, Judge:

Respondent has determined a deficiency of $60,482.93 in petitioner's 1968 calendar year Federal income tax. The issue before us is whether respondent erred in disallowing the following items claimed as deductions on petitioner's 1968 return: travel expenses, subcontract and service fees, research expenses, and a net operating loss carryover from petitioner's 1967 taxable year.

Findings of...

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