- 4 - wife had total projected monthly income of $4,354 and total projected monthly expenses of $4,200. Petitioner signed the statement of his projected monthly income and expenses under penalties of perjury. Petitioner did not file a Federal income tax return for any year in issue. Except for $287 of Federal income tax withheld from the compensation he received as an employee of Renaissance in 1998, there were no Federal income tax withholdings or estimated Federal income tax payments made by petitioner during any of the years in issue. Relying upon various indirect methods of determining income that take into account information received from third parties and the schedule of income and expenses filed in the bankruptcy proceeding, respondent, in the notice of deficiency, computed petitioner’s gross income for each year in issue as follows: Year Income 1990 $18,648 1993 36,168 1994 21,924 1995 22,680 1996 23,688 1997 24,444 1998 18,700 With the exception of the compensation that petitioner received from Renaissance in 1998, respondent determined that all other items of gross income for each year in issue constitute netPage: Previous 1 2 3 4 5 6 7 8 9 10 Next
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