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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.
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