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Additions to Tax
Tax Year Sec. Sec. Sec. Sec.
Ended Deficiency 6651(a)(1) 6653(a)(1) 6655 6656
June 30, 1989 6,828,339 1,707,085 341,417 417,253 682,834
1 50 percent of the interest due on the deficiency.
Respondent determined deficiencies in and additions to
InverWorld, Inc.'s (INC) Federal withholding taxes as follows:
InverWorld, Inc., Docket No. 3441-93
Additions to Tax
Sec. Sec. Sec. Sec.
Year Deficiency 6651(a)(1) 6653(a)(1)(A) 6653(a)(1)(B) 6656
1987 $733,420 $183,355 $36,671 1 $73,342
Additions to Tax
Sec. Sec. Sec.
Year Deficiency 6651(a)(1) 6653(a)(1) 6656
1988 1,524,928 381,232 76,246 152,493
1989 2,951,566 737,891 --- 295,157
1 50 percent of the interest due on the deficiency.
Respondent determined deficiencies in and additions to INC's
Federal income tax for taxable years ended June 30, 1985 and
1986. Subsequent to the issuance of the statutory notice and
upon submission of additional information to the District
Director, Austin, respondent determined revised deficiencies in
and additions to INC's Federal income tax as follows:
InverWorld, Inc., Docket No. 27089-90
Additions to Tax
Tax Year Sec. Sec. Sec.
Ended Deficiency 6653(a)(1) 6653(a)(2) 6661
June 30, 1985 $77,851,228 $3,892,561 1 $19,462,807
June 30, 1986 157,044,730 7,852,237 1 39,261,183
1 50 percent of the interest due on the deficiency.
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