United States Tax Court February 19, 1998, Tax Ct. Dkt. No. 20811-95 (Nelson v. Commissioner)

MEL T. NELSON, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Nelson v. Commissioner Tax Ct. Dkt. No. 20811-95 United States Tax Court 110 T.C. 114; 1998 U.S. Tax Ct. LEXIS 11; 110 T.C. No. 12; February 19, 1998, Filed *11 Decision will be entered under Rule 155. Petitioner was the sole shareholder of M, an S corporation. In the 1991 taxable year, M was insolvent.