McCANN v. COMMISSIONER

Docket No. 10416-99.

81 T.C.M. 1819 (2001)

T.C. Memo. 2001-153

Michael A. McCann, v. Commissioner.

United States Tax Court.

Filed June 27, 2001.


Attorney(s) appearing for the Case

Michael A. McCann, pro se.

Gordon P. Sanz and Lance Stodghill, for the respondent.


MEMORANDUM FINDINGS OF FACT AND OPINION

COHEN, Judge:

Respondent determined a deficiency of $177,929 in petitioner's Federal income tax for 1996 and a penalty of $35,445 under section 6662(a). After concessions by respondent, the amounts remaining in dispute are a deficiency of approximately $40,000 and a penalty of approximately $8,000. The issue for decision is whether petitioner is entitled to any deductions beyond those conceded by respondent. Unless...

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