ZAPPO v. COMMISSIONER OF INTERNAL REVENUE, 81 T.C. 77 (1983) ANGELO ZAPPO AND DOROTHY ZAPPO, PETITIONERS v. COMMISSIONER OF INTERNALREVENUE, RESPONDENT. No. 6436-78.United States Tax Court. Filed August 3, 1983. Zappo and Murphy formed Company to construct and sell townhouses. New Investors entered the venture by purchasingPage 78 shares of Company and lending money to […]
