T.C. Memo. 1999-20
UNITED STATES TAX COURT
RICHARD T. STANLEY, SR. AND MIRIAM STANLEY, Petitioners v.
COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 987-97. Filed January 29, 1999.
Held: P has failed to establish the existence,
amount, or worthlessness in the years at issue of
claimed nonbusiness and business bad debts. P has also
failed to substantiate itemized deductions disallowed
by R. P is liable for accuracy-related penalties for
negligence under sec. 6662, I.R.C.
Robert N. Bedford and Bruce G. Kaufmann, for petitioners.
Charles A. Baer, for respondent.
MEMORANDUM OPINION
LARO, Judge: Richard T. and Miriam Stanley petitioned the
Court to redetermine 1992 through 1994 income tax deficiencies of
$97,474, $152,220, and $5,569, respectively, and accuracy-related
Page: 1 2 3 4 5 6 7 Next
Last modified: May 25, 2011