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Ms. Thompson did not include Schedule E as part of Ms. Thompson’s
1995 return.
In Ms. Thompson’s 1996 return, Ms. Thompson reported only
$171 of taxable interest income. In Schedule B included as part
of Ms. Thompson’s 1996 return, Ms. Thompson indicated that the
$171 of taxable interest income that she reported was from
“POLARIS”. Ms. Thompson did not include Schedule E as part of
Ms. Thompson’s 1996 return.
Petitioner’s Tax Returns
for 1994, 1995, and 1996
Petitioner filed Form 1040 for his taxable year 1995 (peti-
tioner’s 1995 return). In petitioner’s 1995 return, petitioner
reported $25,200 of wage income from Uptime Nutrition. In Sched-
ule C, Profit or Loss From Business (Schedule C), included as
part of petitioner’s 1995 return (petitioner’s 1995 Schedule C),
petitioner reported that he was in the vending business and that
he had gross income of $4,750 and expenses of $4,483, including
$1,597 of car and truck expenses. A vehicle expense worksheet
attached to petitioner’s 1995 Schedule C indicated that the car
and truck expenses claimed in that schedule related to a Jeep
Grand Cherokee that was placed into service on January 1, 1995.
Petitioner did not file tax returns for his taxable years
1994 and 1996.
Notice
Respondent issued a notice to petitioner with respect to his
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