RUDDEL v. COMMISSIONER

Docket No. 21262-94.

71 T.C.M. 2419 (1996)

T.C. Memo. 1996-125

Stephen D. Ruddel v. Commissioner.

United States Tax Court.

Filed March 13, 1996.


Attorney(s) appearing for the Case

Michael R. Fabrikant, for the petitioner. Bruce G. Warner, for the respondent.


MEMORANDUM FINDINGS OF FACT AND OPINION

LARO, Judge:

Stephen D. Ruddel petitioned the Court to redetermine respondent's determination of a $130,764 deficiency in his 1987 Federal income tax and a $32,691 addition thereto under section 6651(a)(1). Respondent reflected this determination in a notice of deficiency issued to petitioner on August 22, 1994.

Following concessions, we must decide:

1. Whether petitioner may deduct certain payments...

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