United States Tax Court February 24, 1981, Docket No. 734-78. (Peters v. Commissioner)

GENE R. PETERS, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Peters v. Commissioner Docket No. 734-78. United States Tax Court T.C. Memo 1981-83; 1981 Tax Ct. Memo LEXIS 663; 41 T.C.M. (CCH) 955; T.C.M. (RIA) 81083; February 24, 1981. *663 Held, petitioner understated his taxable income for 1972 and 1973.