- 2 - Richard Andrews and L. Scott-Andrews, pro se. Jordan S. Musen, for respondent. MEMORANDUM FINDINGS OF FACT AND OPINION NIMS, Judge: Respondent determined a deficiency, an addition to tax, and a penalty for 1995 with respect to petitioners' Federal income taxes as follows: Addition to tax Penalty Year Deficiency Sec. 6651(a)(1) Sec. 6662(a) 1995 $14,075 $2,781 $2,225 Unless otherwise indicated, all section references are to the Internal Revenue Code in effect for the years in issue. All Rule references are to the Tax Court Rules of Practice and Procedure. All dollar amounts are rounded to the nearest dollar. Petitioners have conceded liability for the deficiency and addition to tax under section 6651(a)(1) as determined by respondent. Moreover, respondent has conceded that petitioners are entitled to deductions for interest and State income taxes paid. After these concessions, the sole issue for decision is whether petitioners are liable for the accuracy-related penalty under section 6662(a).Page: Previous 1 2 3 4 5 6 7 8 Next
Last modified: May 25, 2011