FUNDENBERGER v. COMMISSIONER

Docket No. 3236-76.

40 T.C.M. 138 (1980)

T.C. Memo. 1980-113

Martin Fundenberger and Joyce Fundenberger v. Commissioner.

United States Tax Court.

Filed April 14, 1980.


Attorney(s) appearing for the Case

Lester M. Ponder, 1313 Merchants Bank Bldg., Indianapolis, Indiana, for the petitioners. Mark E. O'Leary, for the respondent.


Memorandum Findings of Fact and Opinion

WILES, Judge:

Respondent determined deficiencies of $35,871.54 and $44,631.99 in petitioners' Federal income taxes for 1972 and 1973, respectively.

The sole issue for decision is whether all of the taxable income of North East Optical Service, Inc., for its fiscal years ended March 31, 1972 and March 31, 1973, is attributable to petitioners and should be included in their gross income for calendar years 1972...

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