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consolidated cases herein, raised issues regarding additions to
tax for negligence and valuation overstatement. We have found
the taxpayers liable for such additions to tax in all but one of
the opinions to date on these issues, although procedural rulings
have involved many more favorable results for taxpayers.10
9(...continued)
Memo. 1996-14; Atkind v. Commissioner, T.C. Memo. 1995-582;
Triemstra v. Commissioner, T.C. Memo. 1995-581; Pace v.
Commissioner, T.C. Memo. 1995-580; Dworkin v. Commissioner, T.C.
Memo. 1995-533; Wilson v Commissioner, T.C. Memo. 1995-525;
Avellini v. Commissioner, T.C. Memo. 1995-489; Paulson v.
Commissioner, T.C. Memo. 1995-387; Zidanich v. Commissioner, T.C.
Memo. 1995-382; Ramesh v. Commissioner, T.C. Memo. 1995-346;
Reister v. Commissioner, T.C. Memo. 1995-305; Fralich v.
Commissioner, T.C. Memo. 1995-257; Shapiro v. Commissioner, T.C.
Memo. 1995-224; Pierce v. Commissioner, T.C. Memo. 1995-223; Fine
v. Commissioner, T.C. Memo. 1995-222; Pearlman v. Commissioner,
T.C. Memo. 1995-182; Kott v. Commissioner, T.C. Memo. 1995-181;
Eisenberg v. Commissioner, T.C. Memo. 1995-180.
Greene v. Commissioner, 88 T.C. 376 (1987), concerned the
applicability of the safe-harbor leasing provisions of sec.
168(f)(8). Trost v. Commissioner, 95 T.C. 560 (1990), concerned
a jurisdictional issue.
Farrell v. Commissioner, T.C. Memo. 1996-295; Baratelli v.
Commissioner, T.C. Memo. 1994-484; Estate of Satin v.
Commissioner, T.C. Memo. 1994-435; Fisher v. Commissioner, T.C.
Memo. 1994-434; Foam Recycling Associates v. Commissioner, T.C.
Memo. 1992-645; and Madison Recycling Associates v. Commissioner,
T.C. Memo. 1992-605, concerned other issues.
10 In Zidanich v. Commissioner, T.C. Memo. 1995-382, we held
the taxpayers liable for the sec. 6659 addition to tax, but not
liable for the negligence additions to tax under sec. 6653(a).
As indicated in our opinion in that case, the Zidanich case, and
the Steinberg case consolidated with it for opinion, involved
exceptional circumstances.
In Estate of Satin v. Commissioner, supra, and Fisher v.
Commissioner, supra, after the decision in Provizer v.
Commissioner, supra, the taxpayers were allowed to elect to
accept a beneficial settlement because of exceptional
circumstances. In Farrell v. Commissioner, supra, we rejected
(continued...)
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