DENISON POULTRY & EGG CO. v. COMMISSIONER

Docket Nos. 9138-79, 9139-79.

47 T.C.M. 1576 (1984)

T.C. Memo. 1984-203

Ray Clymer, Jr. and Denison Poultry & Egg Co. v. Commissioner.

United States Tax Court.

Filed April 23, 1984.


Attorney(s) appearing for the Case

Harold D. Rogers, 725 Hamilton Bldg., Wichita Falls, Tex., for the petitioners. William P. Hardeman, for the respondent.


Memorandum Findings of Fact and Opinion

DRENNEN, Judge:

These consolidated cases present four income tax issues concerning a closely-held corporation, Denison Poultry and Egg Co., and its sole shareholder, Ray Clymer, Jr.

Respondent determined deficiencies in petitioners' Federal income tax as follows:

  Petitioner                      Taxable
                                    Year    Deficiency

  Denison Poultry & Egg Co. ...

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