LASSITER v. COMMISSIONER

Docket No. 7324-00.

83 T.C.M. 1139 (2002)

T.C. Memo. 2002-25

Ann M. Lassiter and Estate of Henry A. Lassiter, Deceased, Ann M. Lassiter, Administratrix, CTA v. Commissioner.

United States Tax Court.

Filed January 25, 2002.


Attorney(s) appearing for the Case

David D. Aughtry, Lawrence Sherlock, and Linda S. Paine, for the petitioners.

David Delduco and Elizabeth B. Williamson, for the respondent.


MEMORANDUM OPINION

LARO, Judge:

This case is before the Court fully stipulated. See Rule 122.1 Respondent determined a $281,556 deficiency in the 1994 Federal income tax of Henry A. Lassiter and Ann M. Lassiter (Mr. Lassiter and Ms. Lassiter, respectively; the Lassiters, collectively) and a $56,311 addition thereto under section 6662. Following respondent's concession that petitioners are not liable for the addition to tax, we...

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