OSTEOPATHIC MEDICAL v. COMMISSIONER

Docket No. 11551-98.

113 T.C. 376 (1999)

OSTEOPATHIC MEDICAL ONCOLOGY AND HEMATOLOGY, P.C., PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed November 22, 1999.


Attorney(s) appearing for the Case

David C. May, for petitioner.

Grant E. Gabriel, for respondent.


OPINION

LARO, Judge:

The parties submitted this case to the Court without trial. See Rule 122. Petitioner petitioned the Court to redetermine respondent's determination of a $50,515 deficiency in its 1995 Federal income tax. The sole issue for decision is whether petitioner, a professional service corporation, may use the cash receipts and disbursements method (cash method) to expense the drugs and ancillary pharmaceuticals (collectively, chemotherapy...

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