- 2 -
WELLS, Judge: The instant cases were consolidated for
purposes of trial, briefing, and opinion, and will hereinafter be
referred to as the instant case. Respondent determined
deficiencies in petitioners' Federal income tax, additions to
tax, and accuracy-related penalties as follows:
Bill L. and Patricia M. Spencer, docket No. 16338-95:
Additions to Tax Penalties
Year Deficiency Sec. 6651(a)(1) Sec. 6662
1990 $696 - $139
1991 41,396 $10,335 8,279
1992 32,479 - 6,496
Joseph T. and Sheryl S. Schroeder, docket No. 22465-95:
Additions to Tax Penalties
Year Deficiency Sec. 6651(a)(1) Sec. 6662
1991 $12,298 - $2,460
1992 8,023 $1,731 1,605
Unless otherwise indicated, all section references
are to the Internal Revenue Code in effect for the years in
issue, and all Rule references are to the Tax Court Rules of
Page: 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