CLARK, Circuit Judge:
Taxpayer Gordon Kartrude appeals from a decision of the Tax Court determining deficiencies in his income tax and various additions for the 1980 and 1982 tax years. For the following reasons, this decision is affirmed in part, reversed in part and remanded for a redetermination of the taxpayer's liability.
I.
In 1974, Kartrude purchased for $26,000 fifty percent of the stock of Sport Aircraft,
Welcome to the leading source of independent legal reporting
Let's get started
Sign on now to see your case.
Or view more than 10 million decisions and orders.