- 2 -
Accuracy-related
Years Deficiency Penalty Sec. 6662
1993 $6,412 $1,282
1994 9,140 1,828
1995 4,420 884
All section references are to the Internal Revenue Code in
effect in the years in issue. All Rule references are to the Tax
Court Rules of Practice and Procedure. All dollar amounts are
rounded.
Some of the facts have been stipulated and are so found and
incorporated by this reference.
At the time the petition was filed, petitioners were married
and living in Hueytown, Alabama.
During the years at issue, petitioner husband operated a
business known as Pro TV & VCR Repair. In 1993, petitioner
husband filed a Federal income tax return with a filing status of
single.
In 1994, petitioners were married. During the years at
issue, petitioner wife was employed at the Alabama Power Co. In
1994 and 1995, petitioners filed joint Federal income tax
returns.
Petitioner husband’s tax return for 1993, and petitioners’
joint tax returns for 1994 and 1995, reported income as follows:
Page: Previous 1 2 3 4 5 6 7 Next
Last modified: May 25, 2011