United States Tax Court June 8, 1981, Docket Nos. 10068-78, 2090-79. (Monaghan v. Commissioner)

PETER J. MONAGHAN and MERIUL D. MONAGHAN, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent; PETER J. MONAGHAN, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Monaghan v. Commissioner Docket Nos. 10068-78, 2090-79. United States Tax Court T.C. Memo 1981-280; 1981 Tax Ct. Memo LEXIS 464; 42 T.C.M. (CCH) 27; T.C.M. (RIA) 81280; June 8, 1981 John H. Norris, for the petitioners.