WILLIAM A. POWE TRUST v. COMMISSIONER

Docket Nos. 10704-78, 10705-78.

44 T.C.M. 933 (1982)

T.C. Memo. 1982-488

William A. Powe Trust, W.A. Powe, W.A. Powe, Jr., and R.T. Jackson, Trustees v. Commissioner. William A. Powe v. Commissioner.

United States Tax Court.

Filed August 24, 1982.


Attorney(s) appearing for the Case

Robert T. Jackson, 214 South 28th Ave., Hattiesburg, Miss., for the petitioners. Thomas R. Thomas, for the respondent.


Memorandum Findings of Fact and Opinion

IRWIN, Judge:

In these consolidated cases, respondent determined the following deficiencies in petitioners' Federal income taxes:

  William A. Powe Trust, Docket No. 10704-78

       Year                 Deficiency

       1973 .............. $153,365.07
       1974 ..............    1,187.54

    William A. Powe, Docket No. 10705-78

       Year                 Deficiency

       1972 ........

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