MARK IV PICTURES, INC. v. COMMISSIONER

Docket Nos. 7447-87, 7448-87, 7449-87.

60 T.C.M. 1171 (1990)

T.C. Memo. 1990-571

Mark IV Pictures, Inc., et al. v. Commissioner.

United States Tax Court.

Filed October 31, 1990.


Attorney(s) appearing for the Case

Ronald L. Sutphin and Mark W. Beerman, 100 Court Ave., Des Moines, Iowa, for the petitioners. Alan M. Jacobson and James E. Cannon, for the respondent.


Memorandum Findings of Fact and Opinion

PARR, Judge:

Respondent determined that petitioners in these consolidated cases were liable for the following Federal income tax deficiencies:

  Petitioners                          Year Ended       Deficiency

Mark IV Pictures, Inc. ..........    January 31, 1979    $  5,402
                                     January 31, 1980     114,932
                                     January...

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