- 5 - During that year, petitioner also received a taxable retirement annuity distribution in the amount of $5,256 and $34 in interest income from Great Western Bank. During 1994, petitioner received nonemployee compensation from Transamerica Occidental Life Insurance Company in the amount of $16,754, a taxable retirement annuity distribution in the amount of $2,883, and $24 in interest income. None of the foregoing amounts of income that petitioner received during the years at issue was included in any Federal income tax return that he filed. All compensation paid to J.R. Valentine Lab during those years should have been reported by petitioner as Schedule C income. Petitioner received no income from nontaxable sources during any of the years at issue. Petitioner's personal living expenses for 1994 were at least $21,250. Petitioner is not entitled for any of the years at issue to a dependency exemption for any person other than himself. Petitioner is entitled to the filing status of single for each of the years at issue. On or about May 1, 1991, the Internal Revenue Service received a check in the amount of $8,500 from petitioner that was dated April 15, 1991. Petitioner has the burden of showing error in the determinations of respondent in the notices. Rule 142(a); Welch v. Helvering, 290 U.S. 111, 115 (1933).Page: Previous 1 2 3 4 5 6 Next
Last modified: May 25, 2011