LIBERTY ASPHALT CORPORATION v. COMMISSIONER

Docket Nos. 19934-80, 19935-80.

49 T.C.M. 1048 (1985)

T.C. Memo. 1985-145

Liberty Asphalt Corporation v. Commissioner. Edwin L. Frederick and Miriam E. Frederick v. Commissioner.

United States Tax Court.

Filed March 27, 1985.


Attorney(s) appearing for the Case

Keith F. Bode, Lynne E. McNown, and Paula Cozzi Goedert, One IBM Plaza, Chicago, Ill., for the petitioners. John J. Morrison and Robert F. Simon, for the respondent.


Memorandum Findings of Fact and Opinion

GOFFE, Judge:

The Commissioner determined deficiencies in petitioners' Federal income tax and additions to tax as follows:

      Petitioner Liberty Asphalt Corporation

                            Additions to Tax
  Year      Deficiency   Sec. 6651(a)1   Sec. 6653(b)

  1969....  $31,786.53      .......       $20,244.41...

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