WESTRECO, INC. v. COMMISSIONER

Docket No. 24078-88.

64 T.C.M. 849 (1992)

T.C. Memo. 1992-561

Westreco, Inc. v. Commissioner.

United States Tax Court.

Filed September 23, 1992.


Attorney(s) appearing for the Case

Joel V. Williamson, Thomas C. Durham, Thomas L. Kittle-Kamp, Joseph R. Goeke, David A. Hyman, William A. Schmalzl, Mark I. Levy, Gregory L. Barton, Elizabeth A. Levy, Roger J. Jones, Gary P. Kirschenbaum, and Daniel A. Dumezich, 190 S. LaSalle St., Chicago, Ill., Arthur R. Miller, 55 E. Monroe St., Chicago, Ill., Alexander Spitzer, and Stephen M. Haracz, for the petitioner. Jill A. Frisch, Jane Beaver Wilson, Raymond A. Kahn, and Diane P. Heller, for the respondent.


Memorandum Findings of Fact and Opinion

GOFFE, Judge:

The Commissioner determined deficiencies in petitioner's Federal income tax liabilities for the following taxable years:

Taxable
 Year                            Deficiency

1978 .........................   $1,520,238
1979 .........................    1,713,878
1980 .........................    1,714,266
1981 .........................    1,712,071
1982 ...........

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