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MEREDITH CORP. & SUBSIDIARIES v. COMMISSIONER

Docket Nos. 13165-91, 17091-91.

102 T.C. 406 (1994)

MEREDITH CORPORATION AND SUBSIDIARIES, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed March 14, 1994.

Attorney(s) appearing for the Case

James L. Malone III, Gary C. Karch, and Lydia R.B. Kelley, for petitioner.

Lawrence C. Letkewicz and Dana Hundrieser, for respondent.

NIMS, Judge:

Respondent determined deficiencies in Federal income tax with respect to petitioner's fiscal year ended June 30, 1986 (FYE 1986), in the amount of $6,466,674.82, and with respect to petitioner's fiscal year ended June 30, 1987 (FYE 1987), in the amount of $11,493,459. In addition to contesting these deficiencies, petitioner claims overpayments in Federal income tax with respect to FYE 1986 in the amount of $4,760,484 and with respect to FYE 1987...

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