Bruce K. Remy and Gail E. Remy - Page 22

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             debts and rent expense deductions.  Accordingly, we hereby               
             sustain respondent's determination of petitioners'                       
             liability for the penalty under section 6662(a) on the                   
             portion of the underpayment attributable to those                        
             adjustments.                                                             
                  In light of the foregoing,                                          

                                            Decision will be entered                 
                                        for respondent.                               

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