About this project The goal of this research project is to allow you to explore
ID: 405850 • Letter: A
Question
About this project
The goal of this research project is to allow you to explore tax issues related to organizations.
General information
Go to the United States Tax Court, http://www.ustaxcourt.gov
Search opinions for this year. Select one of the opinion Memorandum related to a corporation (.inc) or a LLC.
Required
Who was the judge?
Using no more than three (3) sentences explain (in your own words) why this case was filed.
Using no more than three (3) sentences explain (in your own words) the disposition of the case.
After reading the case, what position would you take? Do you agree or disagree with the position of the court (or the petitioner)? Explain.
Explanation / Answer
LEE PETERSEN AND INI BUILDERS, INC., Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
1. Judge: - BEGHE
2. This case was filled because of deficiencies in INI Builders,Inc. ' Federal income taxes and additions to tax . Lee Petersen (petitioner) that respondent’s claims against petitioner were discharged in bankruptcy, we hold that petitioner committed fraud.
3. I agree with the position of the court as he has given order to the company to pay off the liabilities. Failing to pay in given time the court is free implement the action on the company. court also ordered to settle all the amount to its stake holders.