GOLDSMITH v. COMMISSIONER

Docket No. 20787-83.

51 T.C.M. 1128 (1986)

T.C. Memo. 1986-227

Charles G. Goldsmith v. Commissioner.

United States Tax Court.

Filed June 5, 1986.


Attorney(s) appearing for the Case

William A. Carey, for the petitioner. Sharon C. Armuelles, for the respondent.


Memorandum Findings of Fact and Opinion

WHITAKER, Judge:

Respondent determined deficiencies in petitioner's Federal income taxes for the calendar years 1975 and 1977 in the amounts of $1,052,741 and $86,544, respectively. All issues for the year 1977 having been settled between the parties, we must determine whether or not petitioner is taxable for the year 1975 on $1,384,407 of foreign personal holding company income and whether petitioner omitted an additional...

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