BARNARD v. COMMISSIONER

Docket No. 11118-99.

82 T.C.M. 571 (2001)

T.C. Memo. 2001-242

Michael L. and Susan Barnard v. Commissioner.

United States Tax Court.

Filed September 17, 2001.


Attorney(s) appearing for the Case

Carolyn J. Jackson and Richard Craig Krause, for the petitioners. Alexandra E. Nicholaides and Timothy S. Murphy, for the respondent.


MEMORANDUM FINDINGS OF FACT AND OPINION

LARO, Judge.

Petitioners petitioned the Court to redetermine respondent's determination of deficiencies in their 1987, 1988, and 1989 Federal income taxes, additions to their 1987 and 1988 taxes for fraud, and a penalty for fraud as to 1989. Respondent determined deficiencies of $11,253, $15,996, and $14,689 for the respective years. Respondent also determined that petitioners were liable for an $8,440 addition to...

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