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FLINT INDUSTRIES, INC. AND SUBSIDIARIES v. COMMISSIONER

Docket No. 10645-97.

82 T.C.M. 778 (2001)

T.C. Memo. 2001-276

Flint Industries, Inc. and Subsidiaries v. Commissioner.

United States Tax Court.

Filed October 10, 2001.

Attorney(s) appearing for the Case

Mark H. Allen, Kevin L. Kenworthy, and Frances F. Hillsman, Tulsa, Okla., for the petitioner. David G. Hendricks, for the respondent.

MEMORANDUM FINDINGS OF FACT AND OPINION

MARVEL, Judge:

Respondent determined the following deficiencies in the Federal income tax of Flint Industries, Inc., and subsidiaries:

FYE May 31                          Deficiency

1989 ............................   $   66,096
1990 ............................      663,532
1991 ............................    1,014,268
1992 ............................      752,581

Flint...

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