- 2 -
Respondent determined a deficiency in petitioners' 1995
Federal income tax in the amount of $3,272 and an accuracy-
related penalty under section 6662(a) for negligence or
intentional disregard of rules or regulations in the amount of
$654.
The issues for decision are as follows:
(1) Whether petitioners are entitled to certain claimed
itemized deductions.
(2) Whether petitioners are entitled to certain claimed
Schedule C deductions.
(3) Whether petitioners are entitled to an earned income
tax credit.
(4) Whether petitioners are liable for the accuracy-related
penalty under section 6662(a) for negligence or intentional
disregard of rules or regulations.
Background
Petitioners resided in Trenton, New Jersey, at the time the
petition was filed. In their amended petition, petitioners
assert the following:
All the adjustments made are incorrect. IRS had no
grounds for making any changes in my report as
submitted. IRS had no reference and/or informations
over and above my report to justify any claim(s) of
deficiency.
The amended petition was filed in this case on January 20,
1998. Respondent's answer was filed February 2, 1998. By notice
Page: Previous 1 2 3 4 5 6 7 Next
Last modified: May 25, 2011