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is predicated was derived from third-party reporting forms.
Petitioner filed a timely petition in which he alleged that he
did not have any income “from any source for the year * * * that
is the subject of a tax” and that he was not required to file any
return for the year. At the time the petition was filed
petitioner resided in Richmond, Virginia.
Petitioner stipulated that during 1996 he (1) “provided
services to the Bank of Hawaii [the Bank] having a fair market
value of $45,784.00"; (2) received from the Bank “property, in
the form of Federal Reserve Notes, having a fair market value of
$45,784.00"; (3) received a State tax refund of $339 during 1996;
(4) received $522 in Federal Reserve Notes for “brokerage sales”
during 1996; and (5) received $20 in dividends during 1996. This
case was calendared for trial on May 17, 2000, in Richmond,
Virginia.
When this case was called from the calendar petitioner
conceded that he received the amounts of income set forth in the
notice of deficiency and stated that the amounts did not
constitute taxable income. From petitioner’s statements and
submissions, petitioner contends that the sale of his labor for
wages does not constitute taxable income. Petitioner also argues
that the payment of income taxes is voluntary, and he is not a
volunteer. Finally, petitioner contends that the 1996 Form 1040,
U.S. Individual Income Tax Return, does not contain a valid “OMB
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Last modified: May 25, 2011