ANDERSON v. COMMISSIONER

Docket No. 5340-73.

35 T.C.M. 101 (1976)

T.C. Memo. 1976-28

Charles O. Anderson and Nancy L. Anderson v. Commissioner.

United States Tax Court.

Filed February 4, 1976.


Attorney(s) appearing for the Case

Trent G. Anderson, Jr., Suite 303, West. Fed. Bldg., 606 South Hill St., Los Angeles, Calif., for the petitioners. John O. Kent, for the respondent.


Memorandum Findings of Fact and Opinion

TIETJENS, Judge:

The Commissioner determined deficiencies in the Federal income tax of Charles O. and Nancy L. Anderson in the amounts of $1,000.71, $11,958.07, and $7,445.20 for the calendar years 1962, 1966 and 1967, respectively.

The issues in this case are:

(1) Whether the Commissioner's determination for the taxable year 1962 should be sustained.

(2) Whether the cost of purchasing equipment...

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