OPINION
GERBER, Judge:
Respondent determined a deficiency of $392,481 in petitioner's Federal income tax for the taxable year ended December 31, 1980. The issue for our consideration involves the computation of the "minimum tax." More specifically we are asked to redetermine whether petitioner may use income tax credits to reduce the amount of tax preference determined under the alternative formula (found in section 1.57-1(i)(2)(i), Income Tax Regs...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.