PROMPT FOODS CORPORATION v. COMMISSIONER

Docket Nos. 1085-82, 1086-82.

55 T.C.M. 1397 (1988)

T.C. Memo. 1988-337

Prompt Foods Corporation v. Commissioner. Presto Foods Corporation v. Commissioner.

United States Tax Court.

Filed July 29, 1988.


Attorney(s) appearing for the Case

Bennet Kleinman and Frederick N. Widen, 1300 Bond Ct. Bldg., Cleveland, Ohio, for the petitioners. Richard S. Bloom, for the respondent.


Memorandum Findings of Fact and Opinion

CHABOT, Judge:

Respondent determined deficiencies in Federal corporate income tax against petitioners as follows:

                        Taxable Year
Petitioner, Docket No.     Ending        Deficiency

Prompt Foods Corp.,      12/31/72      $ 42,839.29
  1085-82                12/31/73        16,455.96
                         12/31/74        11,319.37
              ...

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