TAISEI FIRE & MARINE INS. CO. v. COMMISSIONER

Docket Nos. 14296-92, 14297-92, 14298-92, 14299-92.

104 T.C. 535 (1995)

THE TAISEI FIRE AND MARINE INSURANCE CO., LTD., ET AL., PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed May 2, 1995.


Attorney(s) appearing for the Case

George R. Abramowitz, Edward A. Scallet, and Diana E. Buckley, for petitioners.

Albert L. Sandlin, Jr., Kim A. Palmerino, Frank M. McClanahan III, and S. Mark Barnes, for respondent.


TANNENWALD, Judge:

Respondent determined the following deficiencies in, and additions to, the Federal income taxes of the Taisei Fire & Marine Insurance Co., Ltd. (Taisei), the Nissan Fire & Marine Insurance Co., Ltd. (Nissan), the Fuji Fire & Marine Insurance Co., Ltd. (Fuji), and the Chiyoda Fire & Marine Insurance Co., Ltd. (Chiyoda):

                                        Additions to tax
                Year...

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