MAGRUDER v. COMMISSIONER

Docket No. 39680-84, 39139-85.

57 T.C.M. 117 (1989)

T.C. Memo. 1989-169

Chris H. and Hampton H. Magruder v. Commissioner.

United States Tax Court.

Filed April 17, 1989.


Attorney(s) appearing for the Case

Lauch M. Magruder, Jr., 210 E. Capitol St., Jackson, Miss., and Jack D. Warren, 1800 Deposit Guaranty Plaza, Jackson, Miss., for the petitioners. John F. Driscoff, for the respondent.


Memorandum Findings of Fact and Opinion

HAMBLEN, Judge:

Respondent determined deficiencies in petitioners' Federal income taxes as follows:

Year                              Amount

1979 .........................   $  5,257
1980 .........................      4,076
1981 .........................     17,865
1983 .........................      5,303

After concessions by the parties,1 the...

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