CROWN v. COMMISSIONER

Docket No. 1588-77.

77 T.C. 582 (1981)

HENRY CROWN AND GLADYS K. CROWN, PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed September 17, 1981.


Attorney(s) appearing for the Case

Byron S. Miller, Alan L. Reinstein, and Geoffrey F. Grossman, for the petitioners.

Seymour I. Sherman, for the respondent.


WILBUR, Judge:

Respondent issued a statutory notice of deficiency on December 16, 1976, in which he determined deficiencies in petitioners' Federal income tax for their taxable years 1966 through 1969, as follows:

    Year                                            Deficiency

    1966 ----------------------------------------  $696,272.30
    1967 ----------------------------------------       255.74
    1968 -----------------...

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