SHEARER v. COMMISSIONER

Docket No. 24833-89.

62 T.C.M. 1063 (1991)

T.C. Memo. 1991-527

Barbara Ann Shearer v. Commissioner.

United States Tax Court.

Filed October 24, 1991.


Attorney(s) appearing for the Case

Barbara Ann Shearer, pro se. J. Robert Cuatto, for the respondent.


Memorandum Opinion

COHEN, Judge:

Respondent determined a deficiency of $250,241.00 in petitioner's Federal income tax for 1985 and additions to tax of $62,260.75 under section 6651(a)(1), $12,512.05 under section 6653(a)(1), 50 percent of the interest due on $249,043.00 under section 6653(a)(2), and $62,261.00 under section 6661. Unless otherwise indicated, all section references are to the Internal Revenue Code as amended and in effect for the year in issue...

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