FRALEY v. COMMISSIONER

Docket No. 10808-91.

66 T.C.M. 100 (1993)

T.C. Memo. 1993-304

Oscar M. Fraley and Magdaline R. Fraley v. Commissioner.

United States Tax Court.

Filed July 14, 1993.


Attorney(s) appearing for the Case

John R. James, 77 N. Miller Rd., Fairlawn, Ohio, for the petitioners. Mario J. Fazio, for the respondent.


Memorandum Findings of Fact and Opinion

PARKER, Judge:

Respondent determined a deficiency in petitioners' Federal income tax for the taxable year 1987 in the amount of $43,164.07. Respondent also determined additions to tax under section 6653(a)(1)(A) in the amount of $2,158, under section 6653(a)(1)(B) in the amount of 50 percent of the interest due on $43,164.07, and under section 6661(a) in the amount of $10,791.

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