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Petitioner was employed as a tax auditor for the State of
California and had a college degree in finance. Therefore,
petitioner is aware, or should be aware, of the importance of
maintaining adequate records and documenting expenditures.
Considering all the facts, we find petitioner was negligent
and disregarded rules and regulations in preparing his 1995
return. Thus, we sustain respondent's determination that
petitioner is liable for the accuracy-related penalty on the
amount of the underpayment for 1995.
To reflect the foregoing,
Decision will be entered
under Rule 155.
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