ZIDAR v. COMMISSIONER

Docket No. 11484-99.

82 T.C.M. 357 (2001)

T.C. Memo. 2001-200

Tony L. Zidar and Kathleen I. Zidar v. Commissioner.

United States Tax Court.

Filed August 1, 2001.


Attorney(s) appearing for the Case

Jonathan V. Goodman, for the petitioners. Michael J. Calabrese, for respondent.


MEMORANDUM FINDINGS OF FACT AND OPINION

THORNTON, Judge:

Respondent determined a $53,435 deficiency in petitioners' 1992 Federal income tax and a $10,687 addition to tax under section 6662(a).1

The issues for decision are: (1) Whether petitioners underreported their capital gains from the redemption of certain corporate stock; (2) whether Tony L. Zidar conducted his stock car activity with the intent to make a profit...

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