KRP, INC. v. COMMISSIONER

Docket No. 8174-00.

83 T.C.M. 1709 (2002)

T.C. Memo. 2002-126

KRP, Inc., Roy G. Johnson, Tax Matters Person v. Commissioner.

United States Tax Court.

Filed May 22, 2002.


Attorney(s) appearing for the Case

Michael C. Wetzel, Joseph Michael Wetzel, and Russell A. Sandor, for the petitioner.

Kay Hill, for the respondent.


MEMORANDUM OPINION

VASQUEZ, Judge:

This case is before the Court on petitioner's motion for partial summary judgment under Rule 121.1 The issues raised in the motion concern KRP, Inc.'s (KRP) liability for the built-in gains tax imposed pursuant to section 1374 for 1995.2

Background

KRP is a corporation organized and existing under the laws of the State of Alaska. KRP is a...

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