HERITAGE AUTO CENTER, INC. v. COMMISSIONER

Docket No. 26362-92.

71 T.C.M. 1839 (1996)

T.C. Memo. 1996-21

Heritage Auto Center, Inc. v. Commissioner.

United States Tax Court.

Filed January 23, 1996.


Attorney(s) appearing for the Case

Patricia Tucker, Albuquerque, N.M., for the petitioner. Thomas F. Eagan, for the respondent.


MEMORANDUM FINDINGS OF FACT AND OPINION

PARR, Judge:

Respondent determined deficiencies in petitioner's Federal income tax for 1988 and 1989 of $482 and $213,139, respectively. By amended answer, respondent asserted increased deficiencies for 1988 and 1989 of $78,277 and $31,929, respectively. Thus, the total deficiencies asserted by respondent for 1988 and 1989 are $78,759 and $245,068, respectively.

All section references are to the Internal Revenue...

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