- 2 -
After a concession by petitioners,1 the remaining issues in
this case are: (1) Whether wage income received by petitioners
in the amount of $87,118.92 in 1996, except for wages of $432.48
from Defense Finance and Accounting Service, an agency of the
Federal Government, is nontaxable, thereby resulting in an
overpayment of income tax for the taxable year; (2) whether
petitioners are entitled to Schedule A, Itemized Deductions, in
excess of the amounts which respondent allowed; (3) whether
petitioners are entitled to various Schedule C, Profit and Loss
From Business, deductions beyond that which respondent allowed;
and (4) whether petitioners are liable for an accuracy-related
penalty under section 6662(a).
Some of the facts have been stipulated and are so found.
The stipulation of facts and the attached exhibits are
incorporated herein by this reference. At the time the petition
was filed, Sarah A. Bland-Barclay resided in Baltimore,
1 Petitioners conceded in the Stipulation of Facts that
petitioner Sarah A. Barclay received a Form W-2, Wage and Tax
Statement for 1996, from Olsten Home Healthcare, Inc. (Olsten),
reporting that she received $1,268.81 of wage income. We note
that in the notice of deficiency respondent determined that
petitioners failed to include wage income of $1,267. The record
does not explain the $1.81 discrepancy between the amount on the
Olsten Form W-2 and the notice of deficiency. We accept
respondent’s assertion that the amount in dispute is $1,267 as
stipulated by petitioners and determined in the notice of
deficiency.
Page: Previous 1 2 3 4 5 6 7 8 9 Next
Last modified: May 25, 2011