SAM KONG FASHIONS, INC. v. COMMISSIONER

Dkt. Nos. 9600-02, 9601-02.

89 T.C.M. 1503 (2005)

T.C. Memo. 2005-157

Sam Kong Fashions, Inc. v. Commissioner; Sam Kong and Run Yuan Chen v. Commissioner.

United States Tax Court.

June 28, 2005.


Attorney(s) appearing for the Case

Gary Lee, for petitioners.

Gerald A. Thorpe and James N. Beyer, for respondent.


MEMORANDUM FINDINGS OF FACT AND OPINION

RUWE, Judge.

Respondent determined deficiencies and penalties with respect to petitioners' Federal income taxes as follows:

        Sam Kong Fashions, Inc.
          docket No. 9600-02

                           Penalty
  Year      Deficiency    Sec. 6663

  1994       $135,643      $101,732.25
  1995        103,999        77,999.25

              Sam Kong
       ...

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