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failed to report on the face page of their tax return the actual
amount of Social Security benefits they received that year.
Based on their reported income and expenses, petitioners properly
calculated that none of the Social Security benefits received in
1992 was taxable. The worksheet, however, is not filed and is
not part of the tax return. The Court does not find that
petitioners' failure to report on the face of their return the
amount of Social Security benefits received constitutes
negligence or represents a disregard of rules or regulations.
Accordingly, with respect to the penalties for 1992, petitioners
are sustained.
Decisions will be entered
under Rule 155.
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