- 2 - Betty June Dykstra: Penalties Additions to Tax Year Deficiency Sec. 6663 Sec. 6662(a) Sec. 6651(a)(1) Sec. 6651(f) Sec. 6654 1994 * $5,355 $808 $2,865 $0 $0 1995 33,110 0 0 0 24,372 1,704 * Respondent determined a deficiency of $11,684 against both Betty June and Pieter Dykstra. Pieter Dykstra: Penalty Additions to Tax Year Deficiency Sec. 6662(a) Sec. 6651(a)(1) Sec. 6654 1994 * $808 $2,865 $0 1995 25,621 0 6,311 1,242 * Respondent determined a deficiency of $11,684 against both Betty June and Pieter Dykstra. 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 Practice and Procedure. After concessions, the issues for our decision are: (1) Whether petitioners had unreported income from Conoco, Inc. (Conoco), during 1994 and 1995; (2) whether petitioners were entitled to their claimed itemized deductions of $17,872 in 1994; (3) whether petitioner Betty June Dykstra (Mrs. Dykstra) is liable for the fraud penalty pursuant to section 6663(b) for 1994 and an addition to tax for fraudulently failing to file a Federal income tax return pursuant to section 6651(f) for 1995; (4) whether petitioners are liable for the accuracy-related penalty for negligence pursuant to section 6662(a) for 1994; (5) whether petitioners are liable for an addition to tax pursuant to sectionPage: Previous 1 2 3 4 5 6 7 8 9 10 11 Next
Last modified: May 25, 2011