PRIDGEN v. COMMISSIONER

Docket Nos. 2048-97, 2075-97.

77 T.C.M. 2117 (1999)

T.C. Memo. 1999-188

Mark D. Pridgen and Kay D. Pridgen v. Commissioner. Dewey Gaskins and Francine P. Gaskins v. Commissioner.

United States Tax Court.

Filed June 9, 1999.


Attorney(s) appearing for the Case

Trawick H. Stubbs, Jr. and J. Douglas McCullough, for the petitioners. J. Craig Young, for the respondent.


MEMORANDUM FINDINGS OF FACT AND OPINION

WHALEN, Judge:

Respondent determined the following deficiencies in, and penalties with respect to, the Federal income tax of petitioners Mark and Kay Pridgen, in the case at Docket No. 2048-97:

                                      Penalty Sec.
Year                     Deficiency     6662(a)

1990 .................    $129,169       $25,834
1991 .................     232...

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