T.C. Summary Opinion 2001-165
UNITED STATES TAX COURT
WILLIAM L. AND AUDREY K. TRACE, Petitioners v.
COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 11657-00S. Filed October 16, 2001.
William L. Trace, pro se.
Dustin M. Starbuck, for respondent.
POWELL, Special Trial Judge: This case was heard pursuant
to the provisions of section 7463.1 The decision to be entered
is not reviewable by any other court, and this opinion should not
be cited as authority.
Respondent determined a deficiency of $3,150 in petitioners’
1998 Federal income tax. The issue is whether petitioners are
entitled to deduct the 10-percent additional tax on early
1 Subsequent section references are to the Internal Revenue
Code in effect for the year in issue.
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