- 2 -
penalties with respect to petitioners’ Federal income taxes:2
Kevin D. Castro and Margarita C. Castro, docket No. 10785-99
Accuracy-Related Penalty
Year Deficiency Sec. 6662(a)
1995 $16,224 $3,245
1996 13,863 2,773
Castro Family Trust, Kevin Castro, Margarita Castro, Steven
Castro, Howie Rossman, Trustees, docket No. 10794-99
Accuracy-Related Penalty
Year Deficiency Sec. 6662(a)
1995 $19,898 $3,980
1996 12,116 2,423
Castro & Co. Jewelers, Kevin Castro, Margarita Castro, Steven
Castro, Howie Rossman, Trustees, docket No. 10795-99
Accuracy-Related Penalty
Year Deficiency Sec. 6662(a)
1995 $24,538 $4,908
1996 20,567 4,113
Petitioners filed separate petitions to redetermine the
proposed deficiencies and related penalties. We consolidated
these cases for trial, briefing, and opinion pursuant to Rule
141(a) because they present common issues of fact and law.
2All section references are to the Internal Revenue Code in
effect for the years in issue, and all Rule references are to the
Tax Court Rules of Practice and Procedure. Monetary amounts are
rounded to the nearest dollar.
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