ARC ELECTRICAL CONSTRUCTION CO. v. COMMISSIONER

Docket No. 20563-82.

58 T.C.M. 1235 (1990)

T.C. Memo. 1990-30

Arc Electrical Construction Co. v. Commissioner.

United States Tax Court.

Filed January 17, 1990.


Attorney(s) appearing for the Case

Paul Friedman, 1450 Broadway, New York, N.Y., for the petitioner. Kevin M. Flynn, for the respondent.


Supplemental Memorandum Opinion

PARR, Judge:

This matter is before us on petitioner's motion to vacate.

On December 29, 1988, we filed our Memorandum Findings of Fact and Opinion in this case. Arc Electrical Construction Co. v. Commissioner [Dec. 45,246(M)], T.C. Memo. 1988-592. We held that (1) petitioner suffered a $6 million embezzlement loss in 1980, which could be carried back to 1977, and (2) the...

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