- 2 - Accuracy-related Addition to Tax Penalty Year Deficiency Sec. 6651(a)(1) Sec. 6662(a) 1991 $17,939 $4,497 $3,588 1992 1,395 329 379 Petitioner has conceded the deficiencies. The only issues remaining for decision are the late-filing additions and accuracy-related penalties. We uphold respondent’s determinations of late-filing additions. We uphold respondent’s determinations of accuracy- related penalties, other than the portion of the penalty for 1991 attributable to petitioner’s failure to report income of a sole proprietorship received during the period August 1 through November 14, 1991, which income was erroneously included on a corporate return. FINDINGS OF FACT Most of the facts have been stipulated and are so found. The stipulation of facts and the related exhibits are incorporated by this reference. Petitioner is liable for deficiencies in Federal income tax for the years 1991 and 1992 in the amounts of $17,939 and $1,395, respectively. The filing deadline for petitioner’s 1991 Federal income tax return was April 15, 1992, and for petitioner’s 1992 Federal income tax return was April 15, 1993. Petitioner filed hisPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 Next
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