AZAR NUT CO. v. COMMISSIONER OF INTERNAL REVENUE, 94 T.C. 455 (1990) AZAR NUT CO., PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. No. 10416-88.United States Tax Court. Filed March 20, 1990. Pursuant to an employment contract, petitioner purchased for full market value ($285,000) a house owned by a terminated executive employee. Petitioner immediately tried to […]
