- 2 -
Respondent determined deficiencies in petitioners' Federal
income taxes for 1993 and 1994 in the amounts of $4,972 and
$5,465, respectively, and accuracy-related penalties pursuant to
section 6662(a) in the amounts of $873 and $1,093, respectively.
The issues for decision are: (1) Whether petitioners are
entitled to trade or business expense deductions for 1993 and
1994 in excess of the amounts allowed and conceded by respondent;
(2) whether petitioners are entitled to a medical expense
deduction for 1993 in excess of the amounts allowed and conceded
by respondent; and (3) whether petitioners are liable for the
section 6662(a) accuracy-related penalties for 1993 and 1994.
Some of the facts have been stipulated and are so found.
The stipulations of fact and the attached exhibits are
incorporated herein by this reference. Petitioners resided in
Bowie, Maryland, on the date the petition was filed in this case.
All references to petitioner in the singular are to Tae M. Kim.
Petitioner is licensed to practice professional engineering
by the State of Maryland, Department of Licensing and Regulation,
Board for Professional Engineers. During 1993 and 1994,
petitioner operated an engineering business under the business
name of Advance Design Engineering (ADE). He kept an office in
petitioners' condominium unit for which respondent has allowed
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 15 16 17 Next
Last modified: May 25, 2011