CLOWARD INSTRUMENT CORPORATION v. COMMISSIONER

Docket Nos. 584-81, 585-81, 586-81.

52 T.C.M. 34 (1986)

T.C. Memo. 1986-345

Cloward Instrument Corporation and Kerry Bingham Cloward, Trustee in Dissolution of Cloward Instrument Corporation, et al. v. Commissioner.

United States Tax Court.

Filed August 4, 1986.


Attorney(s) appearing for the Case

James M. Sattler and Robert J. Steinert, II, 1001 Bishop St., Honolulu, Hawaii, for the petitioners. Kenneth W. McWade, for the respondent.


Memorandum Findings of Fact and Opinion

WILBUR, Judge:

Respondent determined the following deficiencies in petitioners' Federal income taxes:

Docket No.         Year        Deficiency

584-81             1975         $13,112
                   1976          38,151
585-81             1975          13,112
                   1976          38,151
586-81             1976          23,388

The issues for decision...

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