1. Home
  2. Browse Decisions
  3. T.C.M.
  4. 74 T.C.M.
  5. 74 T.C.M. 360 (1997)
 

LOOMIS v. COMMISSIONER

Docket No. 8748-95.

74 T.C.M. 360 (1997)

T.C. Memo. 1997-381

William G. and Vivian Loomis v. Commissioner.

United States Tax Court.

Filed August 20, 1997.

Attorney(s) appearing for the Case

Gary C. Randall and James J. Workland, Spokane, Wash., for the petitioners. John M. Altman and David A. Winsten, for the respondent.

MEMORANDUM FINDINGS OF FACT AND OPINION

FAY, Judge:

Respondent determined a deficiency in petitioners' Federal income tax for the taxable year 1991 in the amount of $35,528. After concessions, the sole issue for decision is whether petitioners must include the fair market value of grain contracts in their alternative minimum taxable income (AMTI) for 1991.

FINDINGS OF FACT

Some of the facts have been stipulated, and the stipulation of facts...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases