- 3 -- 3 - Individual Income Tax Return, using the filing status of "Married filing joint return". Mr. Beecroft is a production designer. Petitioners' Form 1040 reports that Mr. Beecroft received $207,559 of wages during 1993 from the following payees: EP Production Services.................$94,066 Time Warner Entertainment.............. 1,549 First Premiere Co...................... 70,425 The BonBon Picture Co.................. 41,519 Total 207,559 Respondent determined that petitioners failed to report $21,025 of wages paid to Mr. Beecroft in 1993 by EP Management Services, Inc. EP Management Services, Inc., issued Mr. Beecroft a 1993 Form W-2, Wage and Tax Statement, for these wages. Petitioners claim that they did not report these wages because they did not receive this Form W-2, and they believed that any wages Mr. Beecroft received from EP Management Services, Inc., were included in a Form W-2 that he received from EP Production Co.2 The notice of deficiency states that "We have adjusted your gross wages to agree with the amounts shown on Forms W-2." Petitioners' 1993 Form 1040 also reports a deduction for a $24,661 loss from Mr. Beecroft's sole-proprietor business (the Business). The Business provided services on production design, 2 Petitioners received pay stubs for the respective checks tendered to Mr. Beecroft from EP Production Services and EP Management Services, Inc., and petitioners now concede that the Form W-2 from EP Production Services did not list wages and withholding credits attributable to EP Management Services, Inc.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Next
Last modified: May 25, 2011