- 3 -
A. Facts Relating to Petitioner’s Tax Liabilities for the Years
in Issue
During 1995, 1996, and 1997, the taxable years in issue,
petitioner was employed by the Chicago, Central & Pacific
Railroad (the Railroad) and received compensation in the amounts
of $45,282, $63,640, and $61,825, respectively. The Railroad
withheld Federal income tax from petitioner’s compensation in the
amounts of $412 and $4,677 for 1995 and 1996, respectively. The
Railroad did not withhold any Federal income tax from
petitioner’s compensation for 1997.
During 1995, 1996, and 1997, petitioner received interest
income as follows:
Payor 1995 1996 1997
Homeland Bank NA $5 $13 --
Firstar Bank of Iowa NA - 30 $14
Iowa Community Credit Union - 39 --
Magna Bank NA -- 13
5 82 27
During 1996, petitioner received gambling winnings paid by
two casinos: (1) Belle of Sioux City, Iowa, in the amount of
$5,000; and (2) Harvey’s of Council Bluffs, Iowa, in the amount
of $4,867. Belle of Sioux City withheld Federal income tax in
the amount of $250 from petitioner’s gambling winnings. Harvey’s
of Council Bluffs did not withhold any Federal income tax from
petitioner’s gambling winnings.
During the years in issue, petitioner was unmarried and had
no dependents within the meaning of section 152.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Next
Last modified: May 25, 2011