United States Tax Court May 18, 1992, Docket No. 29058-89 (Peoples Bancorporation v. Commissioner)

PEOPLES BANCORPORATION AND SUBSIDIARIES, Petitioners, v. COMMISSIONER OF INTERNAL REVENUE, Respondent Peoples Bancorporation v. Commissioner Docket No. 29058-89 United States Tax Court T.C. Memo 1992-285; 1992 Tax Ct. Memo LEXIS 309; 63 T.C.M. (CCH) 3028; May 18, 1992, Filed *309 Decision will be entered under Rule 155. Philip C. Cook, Terence J. Greene, and Timothy J. Peadon, for petitioners.