DAVIDSON v. COMMISSIONER

Docket No. 10194-78.

42 T.C.M. 903 (1981)

T.C. Memo. 1981-467

Albert M. Davidson and Elizabeth J. Davidson v. Commissioner.

United States Tax Court.

Filed August 27, 1981.


Attorney(s) appearing for the Case

Marvin C. Gutter, Richard A. Josepher, and Martin J. Nash, 777 Brickell Ave., Miami, Fla., for the petitioners. Chauncey W. Tuttle, Jr., for the respondent.


Memorandum Findings of Fact and Opinion

SCOTT, Judge:

Respondent determined a deficiency in petitioners' income tax for the calendar year 1974 in the amount of $317,873.62. The only issue for decision is whether petitioners are entitled to report the gain on the disposition of stock of Aldason Corporation on the installment method.

Findings of Fact

Some of the facts have been stipulated and are found accordingly.

Albert M. Davidson...

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