1. Home
  2. Browse Decisions
  3. T.C.M.
  4. 75 T.C.M.
  5. 75 T.C.M. 2279 (1998)
 

CHESAPEAKE OUTDOOR ENTERPRISES, INC. v. COMMISSIONER

Docket No. 21830-96.

75 T.C.M. 2279 (1998)

T.C. Memo. 1998-175

Chesapeake Outdoor Enterprises, Inc., Abel Trust, John E. Magee, Jr., Trustee, Tax Matters Person v. Commissioner.

United States Tax Court.

Filed May 12, 1998.

Attorney(s) appearing for the Case

James R. O'Neill and John B. Spirtos, Washington, D.C., for the petitioner.* Bettie N. Ricca and Kathleen E. Whatley, for the respondent.

MEMORANDUM OPINION

NIMS, Judge:

By Notice of Final S Corporation Administrative Adjustment (FSAA), respondent determined a $317,583 adjustment to the S corporation return of income filed by Chesapeake Outdoor Enterprises, Inc. (Chesapeake) for its taxable year ending (TYE) March 19, 1992. Respondent further determined an adjustment to Chesapeake's shareholders' aggregate stock basis in the amount of $995,000.

Unless otherwise indicated, all section...

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