United States Tax Court.
Memorandum Findings of Fact and Opinion
GOFFE, Judge:
The Commissioner determined deficiencies in petitioners' Federal income tax for the taxable years 1973, 1974, and 1975 in the amounts of $3,438,754.71, $1,992,116.31, and $184,852.52, respectively.
The issues for decision are: (1) Whether petitioners understated their gross income by overstating their cost of goods sold; and (2) to what extent...
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