- 2 - Additions to Tax Year Deficiency Sec. 6653(b) Sec. 6661 1985 $163,221 1$ 81,611 $40,805 1986 240,868 1180,651 60,217 1987 39,636 129,727 9,909 1 Plus 50 percent of the interest due on the deficiency. In the alternative to the additions to tax for fraud, respondent determined additions to tax for negligence and, for 1987, an addition to tax for delinquency. Respondent determined deficiencies in Federal income tax, additions to tax, and a fraud penalty for petitioner Dennis C. Gandy as follows: Additions to Tax Penalty Year Deficiency Sec. 6653(b) Sec. 6661 Sec. 6663 1988 $ 22,393 $16,795 $5,598 --- 1989 112,205 --- --- $84,154 In the alternative to the fraud addition to tax and penalty, respondent determined a negligence addition to tax for 1988 and an accuracy-related penalty under section 6662(a) for 1989. By amendment to answer, respondent sought revised deficiencies in income tax, additions to tax, and fraud penalty for petitioner Dennis C. Gandy as follows: Additions to Tax Penalty Year Deficiency Sec. 6653(b) Sec. 6661 Sec. 6663 1988 $27,201 $20,401 $6,800 --- 1989 48,149 --- --- $36,112 Respondent reasserted a negligence addition to tax and penalty in the alternative to fraud.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