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taxes owed. Petitioner's unfortunate personal and financial
circumstances do not constitute reasonable cause for failure to
file a timely tax return. See Jones v. Commissioner, 25 T.C.
1100, 1105-1106 (1956), revd. on other grounds 259 F.2d 300 (5th
Cir. 1958); Sanders v. Commissioner, 21 T.C. 1012, 1019 (1954),
affd. 225 F.2d 629 (10th Cir. 1955); Nelson v. Commissioner, T.C.
Memo. 1974-239; sec. 301.6651-1(c)(1), Proced. & Admin. Regs.
Therefore, respondent's determination will be sustained.
Decision will be entered
for respondent in the amounts
of the reduced deficiency and
addition to tax.
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Last modified: May 25, 2011