- 14 - timely. The facts at hand also do not establish that petitioners made a reasonable attempt to comply with the provisions of the Code. The Code requires that taxpayers keep sufficient records to substantiate their claimed deductions, and we find that petitioners did not make a reasonable effort to comply with that requirement. In reaching all our holdings herein, we have considered all arguments made by the parties for contrary holdings, and, to the extent not addressed above, find them to be without merit.5 To reflect the foregoing, Decision will be entered under Rule 155. 5 We note that petitioners make various protester type arguments in their brief as to why they are not subject to Federal income tax. These shopworn arguments as to the validity of the Federal income tax regime have been universally rejected by every court that has considered them. We reject these arguments without further discussion.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14
Last modified: May 25, 2011