ENGLES COIN SHOP, INC. v. COMMISSIONER

Docket Nos. 1121-78, 1122-78.

46 T.C.M. 1367 (1983)

T.C. Memo. 1983-561

Engles Coin Shop, Inc. v. Commissioner. John R. Engle and Linda Engle v. Commissioner.

United States Tax Court.

Filed September 12, 1983.


Attorney(s) appearing for the Case

Elmer E. Lyon and Alan J. Dansker, for the petitioners. Elsie Hall, for the respondent.


Memorandum Findings of Fact and Opinion

GOFFE, Judge:

The Commissioner determined deficiencies in the petitioners' Federal income tax liability as follows:

     Engles Coin Shop, Inc.

  Year              Deficiency

  1973 ........... $2,455,740.06
  1975 ...........      9,602.10

    John R. and Linda Engle

  Year              Deficiency

  1973 ............ $    8,263...

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