- 2 - Respondent determined a deficiency in petitioner's 1991 Federal income tax in the amount of $308. After concessions by petitioner,2 the issue for decision is whether petitioner must pay interest on the $308 deficiency. No facts were stipulated. Petitioner resided in Colorado Springs, Colorado, on the date the petition was filed in this case. On his 1990 Federal income tax return petitioner claimed a deduction for State and local income taxes paid in the amount of $1,584. The State and local tax deduction claimed by petitioner was taken from a Form W-2, Wage and Tax Statement, which withheld California State taxes.3 In 1991, petitioner received a State income tax refund for 1990 in the amount of $1,078.4 Petitioner failed to report the State income tax refund on his 1991 Federal income tax return. 1(...continued) to the Tax Court Rules of Practice and Procedure. 2 At trial petitioner agreed to the deficiency but not the interest. 3 It is not clear from the record why California State taxes were withheld. On petitioner's 1990 Federal income tax return petitioner filed as a resident of Tucson, Arizona. 4 The refund received by petitioner was in the amount of $1,178, which included a $100 renter's credit from the State of California.Page: Previous 1 2 3 4 Next
Last modified: May 25, 2011