FORKSTON FIREWORKS MFG. CO., INC. v. COMMISSIONER

Docket No. 9469-97.

75 T.C.M. 2352 (1998)

T.C. Memo. 1998-188

Forkston Fireworks Mfg. Co., Inc. v. Commissioner.

United States Tax Court.

Filed May 21, 1998.


Attorney(s) appearing for the Case

Moshe Schuldinger, for the petitioner.

Alan R. Peregoy, for the respondent.


MEMORANDUM OPINION

CHABOT, Judge:

The instant case is before us on respondent's motion under Rule 1211 for summary judgment.

Background — Procedure

Respondent determined a deficiency in Federal corporate income tax against petitioner for 1990 in the amount of $33,208 and an addition to tax under section 66622 (negligence or substantial

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