RON LYKINS, INC. v. COMMISSIONER OF INTERNAL REVENUE

No. 10034-07L.

133 T.C. No. 5

RON LYKINS, INC., Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent

United States Tax Court.

Filed September 2, 2009.


Attorney(s) appearing for the Case

Ronald G. Lykins (an officer), for petitioner.

Terry Serena, for respondent.


OPINION

GUSTAFSON, Judge.

This case is an appeal by petitioner Ron Lykins, Inc. (RLI), under section 6330(d).1 RLI seeks our review of the determination by the Internal Revenue Service (IRS) to uphold a proposed levy on RLI's assets. The levy is intended to recapture income tax refunds for tax years 1999 and 2000 which the IRS tentatively allowed as a result of RLI's claimed net operating loss (NOL) carryback from 2001 but later...

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