NICHOLLS, NORTH, BUSE CO. v. COMMISSIONER

Docket Nos. 5048-67, 5059-67.

56 T.C. 1225 (1971)

NICHOLLS, NORTH, BUSE COMPANY, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. HERBERT A. RESENHOEFT AND CHARLOTTE RESENHOEFT, PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed August 31, 1971.


Attorney(s) appearing for the Case

John P. Miller and Thomas P. Guszkowski, for the petitioners.

John L. Pedrick and Matthew W. Stanley, Jr., for the respondent.


WITHEY, Judge:

The respondent determined deficiencies in income tax against the corporate petitioner for the taxable years ended December 31, 1963, and December 31, 1964, in the respective amounts of $299.16 and $2,260.11 and against the individual petitioners for the same years in the respective amounts of $388.91 and $36,359.62. The only issue affecting the year ended December 31, 1963, for either petitioner has been settled by stipulation which will be given...

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