United States Tax Court November 22, 1993, Docket No. 11028-90 (Thermal Energy Concepts v. Commissioner)

THERMAL ENERGY CONCEPTS, INC., DAVID KAGEL, TAX MATTERS PERSON, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Thermal Energy Concepts v. Commissioner Docket No. 11028-90 United States Tax Court T.C. Memo 1993-541; 1993 Tax Ct. Memo LEXIS 565; 66 T.C.M. (CCH) 1368; November 22, 1993, Filed *565 For petitioner: Avram Salkin. For respondent: Sherri Munnerlyn.