BOYD v. COMMISSIONER

Docket Nos. 13229-01, 13230-01, 13231-01, 13232-01, 13233-01, 13234-01, 13235-01, 13236-01, 13237-01, 13238-01.

122 T.C. 305 (2004)

122 T.C. No. 18

CHARLES A. BOYD AND DARBY A. HARVEY, F.K.A. DARBY A. BOYD, ET AL., PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed April 27, 2004.


Attorney(s) appearing for the Case

J. Betsy Meacham and Roger D. Rowe, for petitioners.

Caroline R. Krivacka, for respondent.


VASQUEZ, Judge:

Respondent disallowed deductions of $836,7292 for the taxable year ending December 31, 1995; $828,067 for the taxable year ending December 31, 1996; $198,462 for the taxable year ending March 31, 1997; and $1,048,686 for the taxable year ending December 31, 1997, claimed by Continental Express, Inc. (Continental or the corporation), an S corporation in which petitioners...

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