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FARM SERVICE COOPERATIVE v. COMMISSIONER

Docket No. 2067-74.

70 T.C. 145 (1978)

FARM SERVICE COOPERATIVE, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed May 2, 1978.

Attorney(s) appearing for the Case

Jerry T. Light and Lewis H. Mathis, for the petitioner.

Daniel A. Taylor, Jr., for the respondent.

WILES, Judge:

Respondent determined the following deficiencies in petitioner's income taxes:

TYE June 30—                    Deficiency
    1965 ---------------------      $50.47
    1966 ---------------------    1,185.00
    1967 ---------------------      839.00
    1968 ---------------------    5,413.66
    1969 ---------------------  $12,726.02
    1970 ---------------------   44,601.07
    1971 -----------------...

                    
                    
                    

                        

                            

                                
                            

                            

                                

                                    
    
                                        
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