Jimmy A. and Cindy R. Lobe - Page 2




                                                - 2 -                                                  
            section 6651(a), and additions to tax of $2,576 and $1,559 under                           
            section 6654.  As to the same years, respondent determined in a                            
            notice of deficiency issued to Cindy R. Lobe (Ms. Lobe) that she                           
            was liable for deficiencies of $15,062 and $7,761, failure to                              
            file additions to tax of $3,754 and $1,746 under section 6651(a),                          
            and additions to tax of $814 and $413 under section 6654.                                  
                  Following a trial at which petitioners choose neither to                             
            testify nor to present any exhibits (with the exception of the                             
            subject notices of deficiency which were attached to the                                   
            stipulation of facts), we must decide whether respondent’s                                 
            determinations are correct.  We hold they are to the extent                                
            described herein.  Section references are to the Internal Revenue                          
            Code in effect for the years in issue.  Rule references are to                             
            the Tax Court Rules of Practice and Procedure.  Dollar amounts                             
            have been rounded to the nearest dollar.                                                   
                                         FINDINGS OF FACT                                              
                  Some facts have been stipulated and are so found.  The 16                            
            stipulated facts and two exhibits submitted therewith are                                  
            incorporated herein by this reference.  Petitioners are husband                            
            and wife who resided together in Omak, Washington, during all                              
            relevant years.  Neither of them has filed a 1995 or 1996 Federal                          
            income tax return.                                                                         
                  During 1995, petitioners earned interest income of $367 from                         
            a credit union (CU) account in which both petitioners had                                  






Page:  Previous  1  2  3  4  5  6  Next

Last modified: May 25, 2011