CONTINENTAL ILLINOIS CORPORATION v. COMMISSIONER

Docket No. 5931-83.

61 T.C.M. 1916 (1991)

T.C. Memo. 1991-66

Continental Illinois Corporation v. Commissioner.

United States Tax Court.

Filed February 21, 1991.


Attorney(s) appearing for the Case

Edward C. Rustigan, Joel V. Williamson, and Roger J. Jones, 190 S. La Salle St., Chicago, Ill., for the petitioner. Cynthia J. Mattson, Grace L. Perez-Navarro, and Eli J. Dicker, for the respondent.


Memorandum Findings of Fact and Opinion

WHITAKER, Judge:

By statutory notice dated December 20, 1982, respondent determined deficiencies in petitioner's Federal income tax as follows:

Year                             Deficiency

1975 .........................   $ 1,899,880
1976 .........................        84,088
1977 .........................    36,741,206
1978 .........................    15,844,349
1979 ..............

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