T.C. Memo. 1999-194
UNITED STATES TAX COURT
GEORGE COLONEY, Petitioner v.
COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 23087-97. Filed June 16, 1999.
On the facts, Held: (1) P may not deduct gambling
losses in excess of amounts allowed by R; (2) P's deduction
for State income taxes is limited to the amount of New York
State income tax withheld by P's employer in 1994; and (3)
R's determination that there is an accuracy-related penalty
due from P under sec. 6662(a), I.R.C., for the 1994 taxable
year is sustained.
Edmund J. Mendrala, for petitioner.
Timothy V. Mulvey, for respondent.
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