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petitioner's 1994 Federal income tax in the amount of $1,675 and
an accuracy-related penalty under section 6662(a) in the amount
of $335.
After concessions by respondent,2 the only issue for
decision is whether petitioner is subject to the alternative
minimum tax (AMT) for the taxable year 1994.3
FINDINGS OF FACT
Some of the facts have been stipulated and are so found.
The stipulation of facts and the attached exhibits are
incorporated herein by this reference. At the time of filing the
petition, petitioner resided at Silver Spring, Maryland.
Petitioner timely filed his Federal income tax return for
the taxable year 1994. On his return, petitioner reported
adjusted gross income in the amount of $49,379 and claimed
itemized deductions on Schedule A as follows:
Expense Amount
Real estate taxes $725
1(...continued)
Rule references are to the tax Court Rules of Practice and
Procedure.
2 Respondent concedes that (1) petitioner is entitled to a
foreign tax credit in the amount of $239, and (2) petitioner is
not liable for the accuracy-related penalty under sec. 6662(a).
3 To the extent that petitioner seeks an abatement of
interest (or a review thereof), he must make such a request to
the Commissioner and await a final determination not to abate
interest. Sec. 6404(g); see also Bourekis v. Commissioner, 110
T.C. __, __ (1998) (slip op. at 9).
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