FEDERAL NAT. MORTGAGE ASS'N v. COMMISSIONER

Docket No. 21556-86.

90 T.C. 405 (1988)

FEDERAL NATIONAL MORTGAGE ASSOCIATION, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed March 14, 1988.


Attorney(s) appearing for the Case

Felix B. Laughlin, Joseph Angland, and Michael Schlesinger, for the petitioner.1

Kendall C. Jones and Lawrence M. Hill, for the respondent.


KÖRNER, Judge:

Respondent determined deficiencies in petitioner's Federal corporate income tax as follows:

Year                                      Deficiency

1971 ...................................    $147,902
1973 ...................................   9,558,360
1977 ...................................   3,764,520
1979 ...................................  10,948,154

In addition to contesting these determinations...

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