STATE OFFICE SUPPLY, INC. v. COMMISSIONER

Docket No. 6886-80.

43 T.C.M. 1481 (1982)

T.C. Memo. 1982-292

State Office Supply, Inc. (Formerly J.W. Curtin Company) v. Commissioner.

United States Tax Court.

Filed May 26, 1982.


Attorney(s) appearing for the Case

Donald O. Hughes (an officer), for the petitioner. Robert J. Kastl, for the respondent.


Memorandum Findings of Fact and Opinion

SCOTT, Judge:

Respondent determined deficiencies in petitioner's Federal income taxes in the amounts of $1,774 and $11,622 for the taxable years ending August 31, 1973, and August 31, 1975, respectively. The issues for decision are: (1) whether petitioner was availed of during the year ending August 31, 1975, for the purpose of avoiding Federal income tax with respect to its shareholders, by permitting its earnings...

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