Richard K. and Marilyn J. Phillips - Page 32




                                       - 32 -                                         
               The parties stipulated that if we hold that the extension              
          agreements are valid, which we have, the amounts set forth below            
          are the correct amounts16 of the deficiencies in petitioners'               
          Federal income taxes and additions to taxes for the years                   
          involved herein:                                                            
               Year       Deficiency    Sec. 6651(a)   Sec. 6621(c)                   
               1980      $3,917         -0-            Applies                        
               1981      17             -0-            Applies                        
               1982      1,248          -0-            Applies                        
               1983      11,334         $1,043         Applies                        
               1984      1,196          -0-            Applies                        
               1985      4,662          -0-            Applies                        
               1986      8,068          139            Applies                        
               1987      3,337     -0-                 None                           
               1988      11,831         1,562          None                           
               1989      4,776          87             None                           
               1990      8,319          1,258          None                           
               1991      8,243          836            None                           
               1992      6,619          9              None                           

               To reflect the foregoing,                                              


                                        Decision will be entered under                
                                   Rule 155.                                          



          16   These amounts do not include interest, payments made after             
          the mailing of the notices of deficiency, frozen refunds, or the            
          applicability of any penalty for substantial underpayment of tax.           
















Page:  Previous  13  14  15  16  17  18  19  20  21  22  23  24  25  26  27  28  29  30  31  32  

Last modified: May 25, 2011