- 2 - Respondent determined a deficiency, an accuracy-related penalty under section 6662(a),1 and an addition to tax for failure to pay estimated taxes under section 6654(a) in petitioner’s 1998 Federal income tax in the respective amounts of $31,070, $6,214 and $1,086. Petitioner was a resident of San Jose, California, at the time he filed his petition. Petitioner was employed by the Quicksilver Group, a software consulting company, throughout 1998. Petitioner admits that in 1998 he received wages of $105,873, interest of $294, and an early distribution from his individual retirement account of $13,291. Petitioner also admits that no Federal income tax was withheld from his wages and that he made no estimated tax payments or other payments on account of his income for 1998. Petitioner’s employer filed with respondent a Form W-2, Wage and Tax Statement, showing that it had paid petitioner “wages, tips, other compensation” of $105,873. The interest and the early distribution from petitioner’s individual retirement account were reported to respondent by the payors on Form 1099s. Petitioner demanded that his employer file an amended Form W-2 stating that he had received no wages, tips, or other compensation. When petitioner’s employer refused to amend the 1Unless otherwise indicated, all section references are to the Internal Revenue Code in effect for the years at issue.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 Next
Last modified: May 25, 2011