YOUNG v. COMMISSIONER

Docket Nos. 20435-97, 21489-97.

113 T.C. 152 (1999)

JOHN B. YOUNG AND MARTHA H. YOUNG, PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT LOUISE F. YOUNG, F.K.A. LOUISE Y. AUSMAN, AND JAMES R. AUSMAN, PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed August 20, 1999.


Attorney(s) appearing for the Case

William M. Claytor, for petitioners in docket No. 20435-97.

Herman Spence III, Frank H. Lancaster, and Martin L. Brackett, Jr., for petitioners in docket No. 21489-97.

Edwina L. Charlemagne, for respondent.


FOLEY, Judge:

Respondent determined the following deficiencies in, addition to, and penalty related to petitioners' Federal income tax:

John B. Young and Martha H. Young, docket No. 20435-97:

                               Penalty
   Year     Deficiency     sec. 6662(a)

   1992      $636,856        $126,241
   1993        98,716          19,685

Louise F. Young, f.k.a. Louise Y. Ausman, and James...

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