James E. and Shirley S. Deas - Page 10




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         a reasonable attempt to comply with the provisions of the                    
         internal revenue laws or to exercise ordinary and reasonable care            
         in the preparation of their tax return.  Finally, upon                       
         consideration of all the facts and circumstances of this case, we            
         do not find that there was reasonable cause for petitioners'                 
         reporting position.                                                          
              To reflect the foregoing,                                               
                                            Decision will be entered for              
                                  respondent.                                         
































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