John D. Shea - Page 4




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               In each of the years in issue, petitioner was married to               
          Flor Shea.  Petitioner and Mrs. Shea were divorced in 1993.                 
          Petitioner filed timely joint returns with Mrs. Shea in 1990 and            
          1991.  Petitioner's 1992 return was filed on March 31, 1995, as a           
          joint return.  In the notice of deficiency for 1992, respondent             
          determined that petitioner's correct filing status was married              
          filing separately.  The notice also contains various                        
          consequential adjustments.  The parties now agree that married              
          filing separately is the correct 1992 filing status for                     
          petitioner.                                                                 
               In each of the years in issue, petitioner was the owner and            
          operator of an unincorporated consulting business known as Shea             
          Technology Group, hereafter referred to as STG.  Petitioner                 
          reported income and deductions from this business on Schedule C,            
          Profit or Loss From Business, in each of the years in issue.  The           
          parties now agree that petitioner underreported STG's gross                 
          business receipts by $216,143 in 1990, $208,134 in 1991, and                
          $272,902 in 1992.3                                                          






               3Respondent proposed that we find these unreported gross               
          receipt figures, and petitioner indicated that he did not object.           
          In respondent's reply brief, he states that the total amount of             
          unreported gross receipts for 1992 is $274,902.  We will use the            
          lower figure to which the parties have agreed.                              




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