- 2 -
Year Deficiency Accuracy-Related Penalty
1993 $3,778 $756
1994 17,720 3,544
The issues remaining for decision are:
(1) Are petitioners entitled to a medical expense deduction
for 1993 in excess of that allowed by respondent? We hold that
they are not.
(2) Are petitioners entitled to the casualty loss deduction
that they claimed for 1994 with respect to property damage
resulting from an automobile accident? We hold that they are
not.
(3) Are petitioners entitled to the depreciation deduction
that they claimed for 1994 with respect to a Geo automobile? We
hold that they are not.
(4) Are petitioners liable for each of the years at issue
for the accuracy-related penalty under section 6662(a)? We hold
that they are.
FINDINGS OF FACT
Some of the facts have been stipulated and are so found.
At all relevant times, including at the time the petition
was filed, petitioners Ilija Mitic (Mr. Mitic) and Branka Mitic
(Ms. Mitic) resided in a house (petitioners’ residence) located
at 726 Glenborough Drive, Mountain View, California.
Claimed Medical Expense Deduction
Since at least 1980, Ms. Mitic has suffered from various
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011