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ASKEW v. COMMISSIONER

Docket No. 15898-80.

49 T.C.M. 876 (1985)

T.C. Memo. 1985-100

John D. Askew and Nona B. Askew v. Commissioner.

United States Tax Court.

Filed March 6, 1985.

Attorney(s) appearing for the Case

E. J. Ball and Kenneth R. Mourton, P. O. Box 567, Fayetteville, Ark. for the petitioners. William B. Lowrance, for the respondent.

Memorandum Findings of Fact and Opinion

FEATHERSTON, Judge:

Respondent determined deficiencies in and additions to petitioners' Federal income taxes as set forth below:

                               Addition to Tax
                                Sec. 6653(b),
Year              Deficiency    I. R. C. 1954

1970 ........... $ 126,161.00    $   63,080.50
1971 ........... 2,072,321.90     1,036,160.95
1972 ...........    12,130.00       ...

                    
                    
                    

                        

                            

                                
                            

                            

                                

                                    
    
                                        
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