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FINDINGS OF FACT
Petitioner resided in Laurel Springs, New Jersey, at the
time of filing his petition and amended petition with this Court.
After filing his petition in this case, petitioner filed
delinquent Federal income tax returns for each of the years in
issue. The returns for 1992, 1993, 1994, and 1995 are dated
January 15, 1998, January 31, 1998, February 7, 1998, and
February 23, 1998, respectively. No requests for extensions of
time to file were requested or granted.
Petitioner's 1992 and 1993 tax returns claim capital loss
carryover deductions emanating from a nonbusiness bad debt
incurred in 1990. The capital loss carryovers claimed in 1992
and 1993 are $3,000 and $788,2 respectively. Petitioner's tax
return for the 1994 year does not claim any capital loss
carryforward. Petitioner's tax returns show tax liabilities in
the following amounts:
Years
1993 1994 1995
Amount: $15,594 $15,787 $25,113
Petitioner had taxes withheld from his wages for each of the
years in issue. The amounts withheld for the years 1993 through
1995 are as follows:
2All amounts have been rounded to the nearest dollar.
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