United States Tax Court September 21, 1981, Docket No. 14176-78 (Stern v. Commissioner)

lead-opinion

Hall, Judge:

In his notice of deficiency, respondent determined deficiencies in petitioners’ income tax as follows:

Year Deficiency

1971. $1,551,956

1972. 688,147

1973. 55,647

By amended answers, respondent redetermined the deficiencies1 as follows:

Year Deficiency

1971....,. $1,017,890

1972. 1,407,734

1973.