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Additions to Tax
Year Deficiency Sec. 6653(a)(1)(A) Sec. 6653(a)(1)(B) Sec. 6661
1987 $5,503 $275 50 percent of the $1,376
interest due on
$5,503
The issues for decision are: (1) Whether petitioners are
entitled to a deduction of $9,643 in 1987 for car and truck
expenses; (2) whether petitioners have proven that they are
entitled to a basis in their shares of La-Z-Boy stock sold during
1985 that is in excess of the basis determined by respondent; (3)
whether petitioners are liable for an addition to tax under
section 6651(a)(1)1 for delinquent filing of their 1985 Federal
income tax return; (4) whether petitioners are liable for an
addition to tax under section 6653(a) for negligence or
intentional disregard of rules or regulations for the taxable
years 1985 and 1987; and (5) whether petitioners are liable for
an addition to tax for a substantial understatement of income tax
under section 6661(a) for the taxable years 1985 and 1987.
Background
Petitioners resided in Washington, Pennsylvania, at the time
the petition was filed.
Fritz Tree Service
1Unless otherwise indicated, all section references are to
the Internal Revenue Code in effect for the taxable years in
issue, and all Rule references are to the Tax Court Rules of
Practice and Procedure.
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Last modified: May 25, 2011