JORDAN v. COMMISSIONER

Docket No. 33170-87.

61 T.C.M. 1804 (1991)

T.C. Memo. 1991-50

Gerald W. Jordan and Gay Jordan v. Commissioner.

United States Tax Court.

Filed February 7, 1991.


Attorney(s) appearing for the Case

W. Curtis Elliot, Jr. and William R. Culp, Jr., 402 West Trade St., Charlotte, N.C., for the petitioners.

Andrew J. Dempsey, for the respondent.


Memorandum Findings of Fact and Opinion

SWIFT, Judge.

Respondent determined deficiencies in petitioners' Federal income tax as follows:

Year                       Deficiency

1982 ...................    $7,385.26
1983 ...................     6,797.37

Petitioners operated a distributorship for the Amway Corporation (Amway) that generated substantial gross income in 1982 and 1983. Respondent concedes that petitioners...

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