- 5 - Entry Amount Wages, salaries, tips, etc. $(207,485.41) Total income (207,485.41) Total adjustments to income -0- Adjusted gross income (207,485.41) Standard deduction 5,250.00 Exemptions (4 @ $2,300 ea.) 9,200.00 Taxable income -0- Tax -0- Total tax -0- Payments: tax withheld $303,114.25 estimated tax payment 602.50 earned income credit 1,384.00 Total payments $305,100.75 Tax informant fee 47,000.00 Overpaid/refund $352,100.75 At trial, the entry of $(207,485.41) was described as consisting of the following items: Item Amount Fraudulent IRS claim $(188,000.00) Arizona tax based on fraud- ulent IRS information (38,739.56) Subtotal $(226,739.56) Wages (Sandia & Show Low) 19,253.00 Total $(207,486.56) The "fraudulent IRS claim" apparently relates to what petitioner regards as a fraudulent assessment(s) or claim made by respondent against petitioner or Mr. Mischel for tax pertaining to a taxable year(s) prior to the taxable year in issue. The "Arizona tax based on fraudulent IRS information" apparently relates to what petitioner regards as a fraudulent assessment or claim made by the Arizona Department of Revenue against petitioner or Mr.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Next
Last modified: May 25, 2011