T.C. Memo. 2001-249
UNITED STATES TAX COURT
BRUCE DAVID COHEN, Petitioner v.
COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 16641-96. Filed September 20, 2001.
Respondent determined deficiencies and additions
to tax for petitioner’s 1986, 1988, 1989, 1990, 1991,
and 1992 taxable years.
Held: Petitioner’s sole proprietorship earned net
income as redetermined herein for each of the 6 years
involved in this case.
Held, further, petitioner recognized capital gain
from the sale of stock in the amounts of $10,490 and
$9,227 in 1989 and 1990, respectively.
Held, further, petitioner’s filing status for 1992
was married filing separate.
Held, further, petitioner is entitled only to the
standard deduction in 1990.
Held, further, petitioner is liable for the sec.
6651(a)(1), I.R.C., addition to tax for failure timely
to file income tax returns for each of the years at
issue.
Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011