Frances L. and Gary L. Rambacher - Page 2




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          Code in effect for the year in issue, and all Rule references are           
          to the Tax Court Rules of Practice and Procedure.                           
               The issue for decision is whether petitioners are liable for           
          additions to tax for negligence or intentional disregard of rules           
          or regulations pursuant to section 6653(a)(1) and section                   
          6653(a)(2) for the 1983 taxable year.                                       
               This case was submitted fully stipulated pursuant to Rule              
          122.  The stipulation of facts and the attached exhibits are                
          incorporated herein by this reference.  At the time that they               
          filed their petition, petitioners resided in Ironton, Ohio.                 
               On February 17, 1995, this Court entered a stipulated                  
          decision in the underlying partnership proceeding, Anderson                 
          Equip. Associates v. Commissioner, at docket No. 27745-89.                  
          Pursuant to section 7481, that decision became final on May 18,             
          1995, and thereafter respondent assessed taxes against                      
          petitioners for the 1981, 1982, 1983, and 1984 taxable years as             
          computational adjustments.  The deficiency in the instant case is           
          attributable to adjustments in the underlying partnership                   
          proceedings which resulted in automatic adjustments to                      
          petitioners' income pursuant to the provisions of the Tax Equity            
          & Fiscal Responsibility Act of 1982, Pub. L. 97-248, 96 Stat.               
          324.                                                                        
               On March 5, 1996, respondent issued a notice of deficiency             
          to petitioners for the 1981 taxable year.  The question of                  






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