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liability is insufficient to conclude that the estimate was
improper. Id. at 906.
A taxpayer is treated as having "properly estimated" his tax
liability, within the meaning of section 1.6081-4(a)(4), Income
Tax Regs., when he makes a bona fide and reasonable estimate of
his tax liability based on the information available to him at
the time he makes his request for an extension. Crocker v.
Commissioner, supra at 908. Petitioners estimated their tax
liability to be $5,077 at the time they filed their extension
request. Their 1984 Federal income tax return reported an income
tax liability in the same amount. Ultimately, after the issuance
of the notice of deficiency and disallowance of credits and
deductions reported on the 1984 Federal income tax return,
petitioners' true income tax liability was determined to be
$16,510.
Petitioners argue that the Form 4868 was prepared by
Lukensow and that they paid the amount of tax they believed to be
due for 1984. It is the taxpayer's obligation to supply his
accountant with complete and accurate records from which to make
a reasonable estimate of tax liability. Estate of Duttenhofer v.
Commissioner, 49 T.C. 200, 205 (1967), affd. per curiam 410 F.2d
302 (6th Cir. 1969). Petitioners located, gathered, and supplied
all of their 1984 income tax information to Lukensow.
In the previous section of this opinion, we held that
petitioners were negligent in claiming deductions and investment
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