BARR v. COMMISSIONER

Docket No. 29648-86.

56 T.C.M. 366 (1988)

T.C. Memo. 1988-471

Sheldon P. Barr, P.C. v. Commissioner.

United States Tax Court.

Filed September 28, 1988.


Attorney(s) appearing for the Case

Donald Jay Pols and Shlomo Aaron Beilis, 360 Lexington Ave., New York, N.Y., for the petitioner. Sheldon P. Barr (an officer), for the petitioner. Vallerie Volesko, for the respondent.


Memorandum Findings of Fact and Opinion

COHEN, Judge:

Respondent determined a deficiency of $153,269 in petitioner's Federal income taxes for the fiscal year ended February 28, 1983, and an addition to tax under section 66611 in the amount of $15,327. By an amendment to answer, respondent determined that petitioner had additional unreported income of $340,000, resulting in an increased...

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