Anargyros George Mylonas - Page 3

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               Petitioner knew that he was required to file a Federal                 
          income tax return for the taxable year 1993.  Petitioner also               
          knew that the original deadline for filing his 1993 return was              
          April 15, 1994.  In fact, he obtained an extension of that                  
          deadline.  However, petitioner failed to file his 1993 return by            
          the extended deadline.                                                      
               Petitioner explained his failure to file by pointing out               
          that he was "too busy to * * * do everything."  However, if                 
          petitioner had known that his failure to file was going to cost             
          him so much money, he would have closed the club for a week and             
          taken the steps necessary to file his return on time.                       
               After conducting an audit with respect to petitioner's                 
          income tax liability for the taxable years 1992 and 1993,                   
          respondent determined petitioner's Federal income tax liability             
          for those years.  Respondent also determined that petitioner was            
          liable for the addition to tax under section 6651(a)(1) for 1992            
          and 1993, for the addition to tax under section 6654 for 1993,              
          and for the accuracy-related penalty under section 6662(a) for              
               The parties have entered into a stipulation of agreed                  
          adjustments which resolves all issues in this case except                   
          petitioner's liability for the addition to tax under section                
          6651(a)(1) for 1993.  As part of that stipulation, the parties              
          have agreed that the deficiency in income tax for the taxable               

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