United States Tax Court August 28, 1995, Docket No. 2653-93. (Morgan Pac. Corp. v. Commissioner)

MORGAN PACIFIC CORP., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Morgan Pac. Corp. v. Commissioner Docket No. 2653-93. United States Tax Court T.C. Memo 1995-418; 1995 Tax Ct. Memo LEXIS 425; 70 T.C.M. (CCH) 540; August 28, 1995, Filed *425 Decision will be entered under Rule 155. Lawrence L. Hoenig, Keith R. Gercken, and Gary H. Anderson, for petitioner. Kevin G. Croke, Cynthia J.