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Whether petitioners are entitled to a deduction for gambling
losses in an amount equal to gambling winnings of $1,000; (2)
whether petitioners are entitled to the disallowed itemized
deductions; and (3) whether petitioners are liable for the
penalties under section 6662(a). In addition, the Court
considers the applicability of section 6673(a) to the facts of
this case.
Petitioners were both employed during the 2 years in
question. Mr. Cisneros was a manufacturing technician, and Mrs.
Cisneros was a transaction specialist for the Intel Corp. They
reported combined wages of $106,682 and $123,225, respectively,
for 1998 and 1999.
The record is unclear as to how petitioners prepared and
filed their Federal income tax returns for the years prior to the
years at issue. For the 2 years in question, however,
petitioners' returns were prepared by Robin Beltran upon a
recommendation of one of Mrs. Cisneros' coworkers at Intel Corp.2
For the initial year, 1998, petitioners presented to Mr. Beltran
the same type documentation petitioners maintained for earlier
years. However, Mr. Beltran convinced petitioners that such
documentation was not necessary, and the amounts claimed on the
2 The Court notes that this case is one of numerous cases
heard by the Court involving tax returns prepared by Mr. Beltran,
which essentially involve the same deductions at issue here.
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