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At trial and on brief, petitioner did not address the
section 6662(a) penalty. Petitioner prepared the joint returns
for the years at issue. We find that petitioner is liable for
the accuracy-related penalty for failing to report a capital gain
and for improperly claiming expenses that are not allowable.
Accordingly, respondent is sustained on this issue.
To reflect the foregoing,
Decisions will be entered
under Rule 155.
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Last modified: May 25, 2011