Memorandum Findings of Fact and Opinion
FAY, Judge:
Respondent determined deficiencies in petitioners' Federal income taxes as follows:
Year Deficiency 1976 ............................... $231,974 1979 ............................... 11,404 1980 ............................... 161,867
After concessions, the deficiency for the taxable year 1976 is $99,584, and there...
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