- NEXTRECORD -
deduction under section 164(f) to which they are entitled for
1990) and whether petitioners are entitled to an earned income
credit for 1990 are derivative issues, the resolution of which
depends on our disposition of the second issue enumerated above.
FINDINGS OF FACT
Some of the facts have been stipulated, and they are so
found. Petitioners resided in Piedmont, Alabama, at the time
that their petition was filed with the Court.
For 1989 and 1990, the taxable years in issue, petitioners
were married and filed joint income tax returns. They have three
children, two sons and a daughter, who were born in 1985, 1986,
and 1987.
In 1989 and for a short period in 1990, petitioner Eddie M.
Chandler (petitioner) was employed as a rubber worker by Goodyear
Tire and Rubber Company (Goodyear). Petitioner terminated
employment with Goodyear in 1990.
Petitioner was also self-employed in 1990. He reported
income from three separate activities: bulldozer work and
digging; sales of wood products; and sales of melons.
Petitioner also derived income in 1990 from the sale of
marijuana. Petitioner had "played" with marijuana for many years
before 1990. Petitioners did not report any income from the sale
of marijuana on either of their income tax returns for the years
in issue.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011