METRO LEASING & DEV. CORP. v. COMMISSIONER

Docket Nos. 8054-99.

119 T.C. 8 (2002)

119 T.C. No. 2

METRO LEASING AND DEVELOPMENT CORPORATION, EAST BAY CHEVROLET COMPANY, A CORPORATION, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed July 17, 2002.


Attorney(s) appearing for the Case

William L. Raby, for petitioner.

Kathryn K. Vetter, for respondent.


SUPPLEMENTAL OPINION1

GERBER, Judge:

In an earlier opinion, we decided that petitioner permitted its 1995 earnings to accumulate beyond the reasonable needs of its business. See secs. 531-537;2 Metro Leasing & Dev. Corp. v. Commissioner, T.C. Memo. 2001-119. We also decided the amount of reasonable compensation for petitioner's officers. To reflect...

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