FRIEDMAN v. COMMISSIONER

Docket Nos. 18735-96, 18736-96.

75 T.C.M. 2383 (1998)

T.C. Memo. 1998-196

Michael Friedman and Madeline Friedman v. Commissioner. Edward Rosenthal and Deborah Rosenthal v. Commissioner.

United States Tax Court.

Filed May 27, 1998.


Attorney(s) appearing for the Case

J. Timothy Bender, Cleveland, Ohio, and Joseph P. Alexander, for the petitioners. Nancy B. Herbert and John E. Budde, for the respondent.


MEMORANDUM FINDINGS OF FACT AND OPINION

HAMBLEN, Judge:

Respondent determined deficiencies in petitioners Michael and Madeline Friedman's 1989 and 1990 Federal income tax in the amounts of $686,400 and $793,860, respectively. Respondent also determined deficiencies in petitioners Edward and Deborah Rosenthal's 1989 and 1990 Federal income tax in the amounts of $617,446, and $811,723, respectively.1 The issues for consideration...

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