- 3 -
When he filed his returns as set forth above, petitioner
indicated that the overpayments claimed from withholding or
carried over estimated tax from prior years should be applied to
the estimated tax for the following year. The 1989 joint income
tax return reported an overpayment of $2,329. Petitioner elected
to apply this overpayment to his estimated income tax for 1990.
The 1990 joint income tax return reported an overpayment of
$3,074, including $2,329 carried over from 1989. Petitioner
elected to apply this overpayment to his estimated income tax for
1991. The 1991 joint income tax return reported an overpayment
of $3,568, including $3,074 carried over from 1990. Petitioner
elected on his 1991 joint income tax return to apply this
overpayment to his estimated income tax for 1992. The 1992 joint
income tax return reported an overpayment of $544, including
$3,568 carried over from 1991. Petitioner elected to apply this
overpayment to his estimated income tax for the 1993 tax year.
The 1993 joint income tax return reported an overpayment of $816,
including $544 carried over from 1992. Petitioner elected to
apply this overpayment to his estimated income tax for 1994. The
1994 joint income tax return reported an overpayment of $1,491,
including $816 carried over from 1993. Petitioner elected to
apply this overpayment to his estimated income tax for 1995. The
1995 joint income tax return reported an overpayment of $1,761,
including $1,491 carried over from 1994. Petitioner elected to
Page: Previous 1 2 3 4 5 6 7 Next
Last modified: May 25, 2011