Court of Appeals for the Second Circuit May 11, 1989, No. 901, Docket 88-4155 (Home Group, Inc. v. Commissioner)

TIMBERS, Circuit Judge:

Appellant The Home Group, Inc.1 appeals from a decision entered August 24, 1988 in *378the United States Tax Court, Joel Gerber, Judge,2 which determined deficiencies total-ling $20,974,856 for the tax years 1968, 1969 and 1970 in the federal income taxes of the corporate taxpayer.