IMPACT RESEARCH CORPORATION v. COMMISSIONER

Docket Nos. 14872-98, 14873-98.

83 T.C.M. 1569 (2002)

T.C. Memo. 2002-107

Impact Research Corporation, Joan C. Benz, Tax Matters Person v. Commissioner. Research Impact Corporation, Joan C. Benz, Tax Matters Person v. Commissioner.

United States Tax Court.

Filed April 29, 2002.


Attorney(s) appearing for the Case

Cheryl R. Frank and Gerald W. Kelly, Jr., for the petitioners.

Lindsey D. Stellwagen, for the respondent.


MEMORANDUM FINDINGS OF FACT AND OPINION

CHABOT, Judge:

By separate notices of final S corporation administrative adjustment (hereinafter sometimes referred to as FSAA) respondent determined adjustments to the 1984 S corporation income tax returns of Impact Research Corporation (hereinafter sometimes referred to as IRC) and Research Impact Corporation (hereinafter sometimes referred to as RIC).2 For IRC, respondent determined...

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