NEWMAN v. C.I.R.

No. 551, Docket 89-4051.

894 F.2d 560 (1990)

John H. NEWMAN and Claudia C. Newman, Appellants, v. COMMISSIONER OF INTERNAL REVENUE, Appellee.

United States Court of Appeals, Second Circuit.

Decided January 23, 1990.


Attorney(s) appearing for the Case

R. Donald Turlington, New York City (Steven W. Laird, Stuart B. Katz, and Brown & Wood, New York City, on the brief) for appellants John H. Newman and Claudia C. Newman.

Pamela C. Berry, Atty., Dept. of Justice, Tax Div., Washington, D.C. (Shirley D. Peterson, Asst. Atty. Gen., Gary R. Allen and Ann B. Durney, Attorneys, on the brief) for appellee C.I.R.

Before TIMBERS, PIERCE and MINER, Circuit Judges.


TIMBERS, Circuit Judge:

Appellants John H. Newman and Claudia C. Newman (collectively "Newman") appeal from a decision filed November 30, 1988, and entered January 17, 1989, in the United States Tax Court, Mary Ann Cohen, Judge, which determined a deficiency totaling $5,556 for the tax year 1982 in Newman's federal income taxes. 56 T.C.M. (CCH) 748 (1988).

The appeal arises from an investment tax credit ("ITC") that...

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