- 3 - Respondent determined deficiencies in Federal individual income tax and additions to tax under section 6662 (accuracy- related) against petitioners as follows: Additions to Tax Year Deficiency Sec. 6662 1991 $356,117 $71,223 1992 470,966 94,193 Background When the petition was filed in the instant case, petitioners Robert M. Maddox (hereinafter sometimes referred to as Robert) and Paulette G. Maddox (hereinafter sometimes referred to as Paulette), husband and wife, resided in El Paso, Texas. Businesses Robert is an ophthalmologist with a medical practice in El Paso, Texas. In 1991, Robert opened another ophthalmology office in Juarez, Mexico, which allowed him to perform a type of laser eye surgery that was not permitted in the United States at that time. Robert had extensive business interests in addition to his medical practice. He was the sole shareholder of several S corporations, some of which related to his medical practice. Others involved a restaurant, a farm, and real estate interests. El Paso to Dallas Petitioners filed individual income tax returns for 1991 and 1992. The tax returns were mailed, in accordance with extensionsPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011