BROOKFIELD WIRE COMPANY, INC. v. COMMISSIONER

Docket No. 4578-76.

40 T.C.M. 985 (1980)

T.C. Memo. 1980-321

Brookfield Wire Company, Inc. v. Commissioner.

United States Tax Court.

Filed August 18, 1980.


Attorney(s) appearing for the Case

D. Michael Kratchman and Edward Michael Deron, for the petitioner. Clyde W. Mauldin and Chauncey W. Tuttle, for the respondent.


Memorandum Findings of Fact and Opinion

HALL, Judge:

Respondent determined the following deficiencies and additions for accumulated earnings taxes for petitioner:

                                     Accumulated
  Year                Deficiency    Earnings Tax

  19721 ........  $8,890.34     $ 49,217.53
  1973 ..............   9,570.04      106,358.61

Due to concessions made by the parties, the sole...

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