John E. and Concetta Lozon - Page 7

                                        - 7 -                                         
          1990 and 1991, respectively.  Allstate made contributions of                
          $9,020 and $8,393 on behalf of Mrs. Lozon into Allstate's pension           
          plan for the years 1990 and 1991, respectively.  Mr. Lozon had no           
          vested interest in the pension plan during 1990 or 1991.  Mrs.              
          Lozon's vested interest in the plan was zero in 1989, $13,193 in            
          1990, and $16,843 in 1991.                                                  
               The payments made by Allstate on behalf of petitioners to              
          the plans for the years 1989, 1990, and 1991 were excluded from             
          petitioners' gross income (the payments were not reported on the            
          Forms W-2 given to petitioners, and petitioners did not report              
          the payments as income on their tax returns).                               
               Compensation paid to petitioners from Allstate in the                  
          amounts of $164,998, $230,152, $255,993 was reported by Allstate            
          on Forms W-2 as wages paid to petitioners for 1989, 1990, and               
          1991, respectively.  Allstate withheld income and Social Security           
          taxes from petitioners' wages.  Petitioners reported these                  
          amounts as wages on their 1989, 1990, and 1991 joint Federal                
          income tax returns (tax returns).                                           
               Petitioners claimed business expenses in the amounts of                
          $72,204, $99,669, and $114,669 on Schedule C of their tax returns           
          for 1989, 1990, and 1991, respectively.                                     
               Petitioners paid no self-employment tax for 1989, 1990, and            
          1991.                                                                       
               On August 1, 1992, petitioners signed a Neighborhood                   
          Exclusive Agency Agreement (NEA agreement) with Allstate which              




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