MIDLAND FINANCIAL CO. v. COMMISSIONER

Docket Nos. 12302-99, 4574-00.

82 T.C.M. 371 (2001)

T.C. Memo. 2001-203

Midland Financial Co. and Subsidiaries v. Commissioner.

United States Tax Court.

Filed August 1, 2001.


Attorney(s) appearing for the Case

Steven T. Ledgerwood and Alan G. Holloway, for the petitioner. Ann L. Darnold and Michael J. O'Brien, for the respondent.


MEMORANDUM OPINION

RUWE, Judge.

Respondent determined the following deficiencies in petitioner's Federal income taxes:

TYE                                    Deficiency

July 31, 1995 .......................  $132,164
July 31, 1996 .......................   123,604
Dec. 31, 1996 .......................    52,851

After taking into consideration the agreed adjustments contained in the notice of deficiency for the years...

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