J.P. SHEAHAN ASSOCS., INC. v. COMMISSIONER

Docket No. 24300-90.

63 T.C.M. 2842 (1992)

T.C. Memo. 1992-239

J.P. Sheahan Associates, Inc. v. Commissioner.

United States Tax Court.

Filed April 23, 1992.


Attorney(s) appearing for the Case

David J. Kolat, 141 Harrow Lane, Saginaw, Mich., for the petitioner. Mark S. Pendery, for the respondent.


Memorandum Opinion

TANNENWALD, Judge:

Respondent determined a deficiency in and additions to petitioner's Federal income tax for the taxable year ending May 31, 1987, as follows:

                             Additions To Tax

Deficiency   Sec. 6653(a)(1)(A)1   Sec. 6653(a)(1)(B)   Sec. 6661

$32,310.00       $1,615.50         50 percent of the    $8,077.50
                 ...

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