- 2 -
Respondent determined deficiencies in petitioners' Federal
income taxes for 1990, 1991, and 1992 in the amounts of $6,959,
$7,039, and $8,013, respectively, and accuracy-related penalties
pursuant to section 6662(a) in the amounts of $303, $239, and
$232, respectively.
The issues for decision are: (1) The amount of rents
received by petitioners during the taxable years in issue; (2)
whether petitioners are entitled to any deductions with respect
to the rented property; (3) whether petitioners are entitled to
any deductions for unreimbursed employee business expenses; (4)
whether petitioners are entitled to charitable contribution
deductions in excess of the amounts allowed by respondent; and
(5) whether petitioners are liable for the section 6662(a)
accuracy-related penalties.
Some of the facts have been stipulated and are so found.
The stipulations of fact and attached exhibits are incorporated
herein by this reference. Petitioners resided in Chesapeake,
Virginia, on the date the petition was filed in this case.
Petitioner husband worked as an auditor for the Army Corps
of Engineers during the taxable years in issue. Petitioner wife
worked as a schoolteacher during the taxable years in issue.
Petitioners reside at 2105 Hollins Court in Chesapeake, Virginia.
1(...continued)
issue. All Rule references are to the Tax Court Rules of
Practice and Procedure.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Next
Last modified: May 25, 2011