TALLAL v. COMMISSIONER

Docket Nos. 28975-82, 28976-82.

52 T.C.M. 1017 (1986)

T.C. Memo. 1986-548

Joseph J. Tallal, Jr. v. Commissioner. Joseph J. Tallal, Jr. and Peggy P. Tallal v. Commissioner.

United States Tax Court.

Filed November 12, 1986.


Attorney(s) appearing for the Case

Robert K. Dowd, 1725 One Dallas Center, Dallas, Tex., for the petitioners. Val J. Albright, for the respondent.


Memorandum Findings of Fact and Opinion

SIMPSON, Judge:

The Commissioner determined the following deficiencies in the petitioners' Federal income taxes:

      Petitioner              Year       Deficiency

  Joseph J. Tallal, Jr.       1977       $ 3,924.00
  Joseph J. Tallal, Jr.       1978        54,435.00
  Joseph J. Tallal, Jr. and   1979        44,669.00
     Peggy P. Tallal

After concessions, the issues...

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