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OLD HARBOR NATIVE CORP. v. COMMISSIONER

Docket No. 8653-93.

104 T.C. 191 (1995)

OLD HARBOR NATIVE CORPORATION, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed January 31, 1995.

Attorney(s) appearing for the Case

J. Roger Mentz, Linda E. Carlisle, and Kurt C. Swainston, for petitioner.

Kay Hill and James R. Robb, for respondent.

OPINION

LARO, Judge:

This case is before the Court fully stipulated under Rule 122(a). Old Harbor Native Corp. petitioned the Court to redetermine respondent's determination of deficiencies of $1,506,888 and $196,563 in its 1987 and 1988 Federal income taxes, respectively. Respondent reflected her determination in a notice of deficiency issued to petitioner on February 10, 1993. Unless otherwise indicated...

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