ESTATE OF MITCHELL v. COMMISSIONER

Docket No. 26373-90.

65 T.C.M. 2157 (1993)

T.C. Memo. 1993-110

Estate of Lily Anne P. Mitchell, Deceased, Emmett Mitchell, III, Executor v. Commissioner.

United States Tax Court.

Filed March 25, 1993.


Attorney(s) appearing for the Case

William E. Frantz, John B. Grattan, Donald B. DeLoach, for the petitioner. Eric B. Jorgensen, for the respondent.


Memorandum Findings of Fact and Opinion

CLAPP, Judge:

Respondent determined a deficiency in petitioner's income tax for the year ending November 30, 1987, in the amount of $143,979. Respondent also determined additions to tax under section 6653(a)(1)(A) in the amount of $7,198.95, and section 6653(a)(1)(B) in the amount of 50 percent of the interest due on $143,979. All section references are to the Internal Revenue Code as in effect for the year in issue...

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