- 18 - action does not relieve taxpayers of their duty to file a timely return. See Chamberlin v. Commissioner, T.C. Memo. 2000-50. Accordingly, we hold that Michael Friscia is liable for the section 6651 addition to tax with respect to the net amount of tax due on his 1995 tax return. Issue 6. Friscia Construction’s Allowable Deductions Respondent’s notice of deficiency denied all of Friscia Contruction’s costs of goods sold and deductions for the taxable year ended June 30, 1995 (the 1995 taxable year). On brief, respondent concedes that Friscia Construction is entitled to costs of goods sold and deductions of $108,160. Friscia Construction claimed costs of goods sold on its 1995 taxable year corporate tax return of $222,264 along with the following deductions: Accounting $650 Truck expense 5,393 Misc. 111 Dues 486 Equipment rental 55 Union dues 1,204 Insurance 4,713 Office 345 Postage 64 Telephone 5,682 Utilities 1,105 Supply 1,501 Bank charges 132 Promo 430 License 96 ------ Total deductions 21,967Page: Previous 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Next
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