Memorandum Findings of Fact and Opinion
COHEN, Judge:
Respondent determined a deficiency of $245,769 in petitioners' Federal income taxes for 1982 and additions to tax of $12,288, under section 6653(a)(1), and 50 percent of the interest due on $245,769, under section 6653(a)(2). The issues for decision are whether unexplained bank deposits of petitioners represent unreported income, whether petitioners are entitled to deductions for supplies expense and...
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