United States Tax Court August 7, 1979, Docket Nos. 9849-77, 9850-77 (Kennedy v. Commissioner)

lead-opinion

Bruce, Judge:

Respondent, in two statutory notices dated June 30, 1977, determined deficiencies in the Federal income taxes of the petitioners as follows:

Taxable Docket No. Petitioners year ending Deficiency

9849-77 James D. Kennedy, Jr., and Dorothy H. Kennedy . 12/31/72 $9,239.91

12/31/73 14,822.30

9850-77 Cherokee Warehouses, Inc. 7/31/73 108,271.53

7/31/74 87,862.