1. Home
  2. Browse Decisions
  3. T.C.M.
  4. 55 T.C.M.
  5. 55 T.C.M. 165 (1988)
 

PACEY v. COMMISSIONER

Docket No. 43984-85.

55 T.C.M. 165 (1988)

T.C. Memo. 1988-68

John W. Pacey and Sandra K. Pacey v. Commissioner.

United States Tax Court.

Filed February 23, 1988.

Attorney(s) appearing for the Case

Dwayne I. Morrison, 139 South Cherry St., Galesburg, Ill., for the petitioners. Clinton M. Fried, for the respondent.

Memorandum Findings of Fact and Opinion

COHEN, Judge:

Respondent determined deficiencies of $19,578.56 and $7,305 in petitioners' Federal income taxes for 1981 and 1982, respectively.1 The issue for decision is whether petitioners are entitled to deductions and investment tax credit in relation to their yacht charter activity.

Findings of Fact

Some of the facts have been stipulated, and the stipulation of facts...

Let's get started

Leagle.com

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.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases