- 2 -
entered is not reviewable by any other court, and this opinion
should not be cited as authority.
Respondent determined a deficiency of $657 in petitioner’s
1997 Federal income tax. Respondent concedes that petitioner is
entitled to a refund of Social Security tax in an amount to be
determined based upon our resolution of the issue in this case.
The sole issue remaining for decision is whether petitioner is
entitled to a deduction for a $2,000 contribution to an
individual retirement account (IRA).
Some of the facts have been stipulated and are so found.
The stipulation of facts and the accompanying exhibits are
incorporated herein by reference. Petitioner resided in Falls
Church, Virginia, at the time the petition in this case was
filed.
Background
Petitioner was employed by CDI Corporation (CDI) in December
1997 for a period of 2 weeks which included two pay cycles.
During both pay periods petitioner contributed to an employer-
sponsored retirement plan. Also during the year in issue,
petitioner made a $2,000 contribution to his IRA. On Form 1040
of his Federal income tax return filed for 1997, petitioner
claimed a deduction of $2,000 for a contribution to an IRA.
By notice of deficiency, respondent disallowed the entire
IRA deduction. Respondent agrees that petitioner made a $2,000
Page: Previous 1 2 3 4 5 6 7 Next
Last modified: May 25, 2011