- 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 $2,000Page: Previous 1 2 3 4 5 6 7 Next
Last modified: May 25, 2011