KURTZ v. COMMISSIONER

Docket Nos. 10985-82, 11086-82.

50 T.C.M. 695 (1985)

T.C. Memo. 1985-410

James B. Kurtz and Katharine C. Kurtz v. Commissioner. W. C. Kurtz, Jr., and Almae Mae Kurtz v. Commissioner.

United States Tax Court.

Filed August 12, 1985.


Attorney(s) appearing for the Case

William S. Huff, Charles A. Ramunno, and Bruce N. Lemons, 1700 Broadway, Denver, Colo. for the petitioners.* Theodore J. Kletnick, William F. Garrow and Gary Kirschenbaum, for the respondent.


Memorandum Findings of Fact and Opinion

WHITAKER, Judge:

In docket No. 10985-82, respondent determined a deficiency in income tax for the 1978 taxable year of James B. Kurtz (JBK) and wife Katharine C. Kurtz in the amount of $379,432.00. In docket No. 11086-82, respondent determined a deficiency in income tax for the 1978 taxable year of W. C. Kurtz, Jr. (WCK) and wife Alma Mae Kurtz in the amount of $373,230.00. In these consolidated cases, the principal...

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