HIGHTOWER v. COMMISSIONER

Docket No. 8679-04.

90 T.C.M. 530 (2005)

T.C. Memo. 2005-274

Glenn Hightower v. Commissioner.

United States Tax Court.

November 28, 2005.


Attorney(s) appearing for the Case

Glenn Hightower, pro se;

Catherine Campbell, for respondent.


MEMORANDUM FINDINGS OF FACT AND OPINION

COLVIN, Judge:

Respondent determined deficiencies in petitioner's Federal individual income tax of $7,535,620 for 2000 and $389,455 for 2001. After respondent's concession,1 the issues for decision are:

1. Whether $41,585,388 petitioner received in 2000 in a corporate stock buyout of his shares in an S corporation and interest credited in 2000 and 2001 to the account in which he...

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