NICHOLAS v. COMMISSIONER

Docket Nos. 8223-74, 8224-74.

70 T.C. 1057 (1978)

NICK B. NICHOLAS, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT NICK B. NICHOLAS AND CLEVONNE R. NICHOLAS, PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed September 26, 1978.


Attorney(s) appearing for the Case

Stanley E. Jennings, for the petitioners.

Gregory A. Robinson, for the respondent.


STERRETT, Judge:

Respondent, by statutory notices dated September 9, 1974, determined deficiencies in petitioners' Federal income taxes as follows:

                                                          Sec. 6653(a)
Docket No.             Taxable year       Deficiency        penalty
 8223-74 --------------  1971             $40,951.80      $20,475.90
 8224-74 --------------  1972              29,155.55  ...

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