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The entire underpayment of petitioners' tax was due to
negligence or disregard of rules or regulations. On their 1994
joint Federal income tax return, petitioners claimed double tax
benefits for parsonage allowances and failed to meet the
requirements of section 107. They also claimed a double
deduction for certain supplies expenses and claimed an excessive
amount for utilities expenses. Petitioners neglected to report
benefits received from Social Security. Moreover, petitioners
completely disregarded their liability for self-employment tax.
Accordingly, respondent's imposition of an accuracy-related
penalty under section 6662(a) is sustained.
To reflect the foregoing and the concession made by
respondent,
Decision will be entered
under Rule 155.
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Last modified: May 25, 2011