LOUISMET v. COMMISSIONER

Docket No. 14936-79.

43 T.C.M. 1496 (1982)

T.C. Memo. 1982-294

Gene E. Louismet and Leatrice Louismet v. Commissioner.

United States Tax Court.

Filed May 26, 1982.


Attorney(s) appearing for the Case

Hansel F. Zimmermann, 1702 Midwest Plaza Bldg., Minneapolis, Minn., for the petitioners. Dale L. Newland, for the respondent.


Memorandum Findings of Fact and Opinion

STERRETT, Judge:

By notice of deficiency dated August 10, 1979 respondent determined deficiencies in petitioners' income taxes for the taxable years 1971 through 1974 as follows:

   Taxable year
  ended Dec. 31          Deficiency

     1971 ..............  $  2,154
     1972 ..............     6,787
     1973 ..............    21,613
     1974 ..............   103,692

After concessions...

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