For the taxable year 1991, respondent determined a
deficiency in petitioner's Federal income tax in the amount of
$3,385 and an accuracy-related penalty under section 6662(a) in
the amount of $677.
The issues for decision are as follows:
(1) Whether petitioner failed to report self-employment
income in the amount of $12,670;
(2) whether petitioner failed to report interest income in
the amount of $526; and
(3) whether petitioner is liable for the accuracy-related
penalty under section 6662(a).
The amount of petitioner's liability for self-employment tax
and the amount of the deduction under section 164(f) to which
petitioner is entitled are mechanical matters, the resolution of
which will depend on our disposition of the first enumerated
issue.
FINDINGS OF FACT
Some of the facts have been stipulated, and they are so
found. Petitioner resided in Houston, Texas, at the time that
his petition was filed with the Court.
Petitioner's Occupation
Petitioner is a licensed barber. He attended barber college
in the late 1980's, some time after graduating from high school
in 1985.
1(...continued)
Practice and Procedure.
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