INDEPENDENT INSURANCE AGENTS OF HUNTSVILLE, INC. v. COMMISSIONER

Docket No. 25616-89.

63 T.C.M. 2468 (1992)

T.C. Memo. 1992-163

Independent Insurance Agents of Huntsville, Inc. v. Commissioner.

United States Tax Court.

Filed March 23, 1992.


Attorney(s) appearing for the Case

John R. Wynn, 200 W. Court Square, Huntsville, Ala., for the petitioner.

Linda J. Wise, for the respondent.


Memorandum Findings of Fact and Opinion

FAY, Judge:

Respondent determined deficiencies in income tax for the years in issue as follows:

  Year Ended                          Deficiency

March 31, 1985 ....................   $21,655.11
March 31, 1986 ....................    25,642.04
March 31, 1987 ....................    32,764.89

The issues presented for our decision are as follows: (1) Whether income derived by...

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