- 2 - petitioners' 1993 Federal income tax in the amount of $4,877 and an accuracy-related penalty under section 6662(a) in the amount of $975.2 After a concession by respondent,3 the issue for decision is whether, for the purposes of the alternative minimum tax, petitioner Chander Kant (petitioner) was an employee with respect to items of income and expense related to his activities in Singapore. FINDINGS OF FACT Some of the facts have been stipulated and are so found. The stipulation of facts and attached exhibits are incorporated herein by this reference. Petitioners resided in Short Hills, New Jersey, at the time that the petition was filed. Petitioner is an associate professor of economics at Seton Hall University (Seton Hall), and petitioner Ashima K. Kant (Ms. Kant) is an associate professor of nutrition at Queens College, City University of New York. In June 1993, Seton Hall granted petitioner's request for sabbatical leave. In his application, petitioner maintained that a sabbatical leave would "result in at least two papers publishable in respectable journals, and will 2 Respondent claimed an increased deficiency in her answer to petition in the amount of $960 (for a total deficiency of $5,837), asserting that petitioners were not entitled to a claimed child care credit. The parties agree that petitioners' entitlement to the claimed child care credit is contingent upon our determination of the other issues. Therefore, we do not separately address this issue. 3 Respondent concedes that petitioners are not liable for the accuracy-related penalty under sec. 6662(a).Page: Previous 1 2 3 4 5 6 7 8 9 10 Next
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