United States Tax Court January 26, 1989, Docket No. 5111-85 (Anderson v. Comm'r)

lead-opinion

Scott, Judge:

Respondent determined a deficiency in the Federal income tax of petitioners Robert O. Anderson and Barbara P. Anderson for their tax year ending October 31, 1977, in the amount of $104,263, and for their tax year ending October 31, 1979, in the amount of $3,059,563. Respondent determined a deficiency in the Federal income taxes of petitioner, the Hondo Co.