LEONARD PIPELINE CONTRACTORS, LTD. v. COMMISSIONER

Docket No. 28985-91.

72 T.C.M. 83 (1996)

T.C. Memo. 1996-316

Leonard Pipeline Contractors, Ltd. v. Commissioner.

United States Tax Court.

Filed July 15, 1996.


Attorney(s) appearing for the Case

Marc L. Spitzer and James P. Powers, Phoenix, Ariz., for the petitioner.

Susan E. Seabrook, for the respondent.


MEMORANDUM FINDINGS OF FACT AND OPINION

JACOBS, Judge:

Leonard Pipeline Contractors, Ltd. petitioned the Court to redetermine respondent's determination of an $807,983 deficiency in its income tax for its taxable year ended September 30, 1987, and additions to tax pursuant to section 6653(a)(1)(A) in the amount of $40,399 and section 6653(a)(1)(B) in the amount of 50 percent of the interest on $807,983. The deficiency is based on respondent's determination...

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