FAWCETT v. COMMISSIONER

Docket No. 4462-71.

34 T.C.M. 1164 (1975)

T.C. Memo. 1975-271

Harry R. Fawcett and Susan E. Fawcett v. Commissioner.

United States Tax Court.

Filed August 26, 1975.


Attorney(s) appearing for the Case

Harry R. Fawcett and Susan E. Fawcett, pro se, 3235 W. Sycamore Rd., Kokomo, Ind. Thomas L. Kummer, for the respondent.


Memorandum Findings of Fact and Opinion

TANNENWALD, Judge:

Respondent determined a deficiency of $68,448.75 in the petitioners' income tax for 1967 and an addition to tax under section 6653(a)1 in the amount of $3,422.44. Following concessions by the parties, the issues to be decided are:

(1) Whether $126,060.00 deposited to petitioners' bank account during 1967 constituted unreported gross income;

(2) Whether...

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