BAILEY v. COMMISSIONER

Docket No. 34618-87.

58 T.C.M. 1030 (1989)

T.C. Memo. 1989-674

James W. Bailey v. Commissioner.

United States Tax Court.

Filed December 27, 1989.


Attorney(s) appearing for the Case

Timothy J. Gillenwater, Louisville, Ky., for the petitioner. Aubrey C. Brown, for the respondent.


Memorandum Opinion

KÖRNER, Judge:

For the calendar year 1985, respondent determined a deficiency of income tax in the amount of $223,396 against petitioner, together with additions to tax as follows:

  Section 6651(a)(1)1 .............. $55,849
  Section 6653(a)(1) ...............  11,170
  Section 6653(a)(2) ...............    *
  Section 6654 .....................  12,801
  Section 6661 ..................

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