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During the subject years, Oxyfresh paid to petitioners
commission income of $191,510 and $225,658, respectively, that
they earned as to their distributorship activity. Oxyfresh
issued to the Prindle Trust 1994 and 1995 Forms 1099-MISC,
Miscellaneous Income, reflecting these amounts. Petitioners did
not report any commission income on their 1994 Federal income tax
return.
Oxyfresh also paid to petitioners during 1994 dividends of
$1,580. Oxyfresh issued a 1994 Form 1099-DIV, Dividends and
Distributions, to the Prindle Trust reflecting this amount.
Petitioners did not report any dividend income on their 1994
Federal income tax return.
During the subject years, Mr. Fox received Social Security
benefits of $4,802 and $8,460, respectively. During 1995,
petitioners received interest income of $138, and Mr. Fox
received $26,638 from his military retirement pension. During
1995, petitioners realized gross rental income on various
properties that they rented.
Respondent determined in the notices of deficiency that
petitioners realized the following taxable income during the
subject years:3
3 Respondent determined in the notices of deficiency for
1995 that community income was taxable to petitioners in a total
amount greater than 100 percent. A Rule 155 computation will be
necessary to tax each spouse on only 50 percent of that income.
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Last modified: May 25, 2011