JAMES R. v. COMMISSIONER

Docket No. 6111-00.

83 T.C.M. 1662 (2002)

T.C. Memo. 2002-122

James R. and Myrtice L. Peacock v. Commissioner.

United States Tax Court.

Filed May 15, 2002.


Attorney(s) appearing for the Case

Robert N. Reynolds and Ronald Cutler, for the petitioners.

Felicia Branch and Benjamin De Luna, for the respondent.


MEMORANDUM FINDINGS OF FACT AND OPINION

LARO, Judge:

Petitioners petitioned the Court to redetermine deficiencies in their 1995, 1996, and 1997 Federal income taxes, an addition to their 1997 tax under section 6651(a)(1), and accuracy-related penalties under section 6662(a). Respondent determined for the respective years deficiencies of $132,801, $40,330, and $97,992 and accuracy-related penalties of $26,560, $8,066, and $19,598. Respondent also determined...

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