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revocations of exempt status under section 501(c)(3).2
Respondent determined the following income tax deficiencies and
accuracy-related penalties:
Accuracy-related penalty
Petitioner Deficiency sec. 6662(a)
Michael T. and Cindy W. Caracci$2,192,643 $438,528.60
Vincent E. and Denise A. Caracci 1,272,216 254,443.20
Christina C. and David C.
McQuillen 1,272,307 254,461.40
Respondent determined the following excise tax deficiencies:
Deficiency
Sec. 4958 Sec. 4958 Sec. 4958
Petitioner (a)(1) (a)(2) (b)
Sta-Home Health Agency $1,948,559 -0- $15,588,474
of Carthage, Inc.
Sta-Home Health Agency 1,384,944 -0- 11,079,522
of Greenwood, Inc.
Sta-Home Health Agency 1,302,420 -0- 10,419,362
of Jackson, Inc.
Joyce P. Caracci 4,635,923 $30,000 37,087,388
Michael Caracci 4,635,923 30,000 37,087,388
Victor Caracci 4,635,923 -0- 37,087,388
Vincent E. Caracci 4,635,923 -0- 37,087,388
Christina C. McQuillen 4,635,923 30,000 37,087,388
Respondent determined that the three Sta-Home tax-exempt entities
failed to qualify for tax-exempt status under section 501(c)(3).3
2 Unless otherwise indicated, section references are to the
Internal Revenue Code in effect for the year in issue, and Rule
references are to the Tax Court Rules of Practice and Procedure.
3 The three Sta-Home tax-exempt entities are Sta-Home Home
Health Agency, Inc., Sta-Home Home Health Agency, Inc., of
Forest, Mississippi, and Sta-Home Home Health Agency, Inc., of
Grenada, Mississippi. The three entities against which
respondent determined excise tax deficiencies are the Sta-Home
for-profit entities.
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Last modified: May 25, 2011