- 2 -
Respondent determined a deficiency of $5,366 in petitioners'
Federal income tax for 1999, an addition to tax under section
6651(a)(1) in the amount of $122, and a penalty under section
6662(a) in the amount of $1,073.
In the notice of deficiency, respondent made several
adjustments disallowing some of the itemized deductions claimed
by petitioners on Schedule A, Itemized Deductions, of their 1999
return. In the stipulation filed with the Court, the parties
agreed that petitioners were entitled to charitable contribution
deductions of $330.70 instead of $6,968 claimed on their return;
that petitioners were entitled to a deduction for home mortgage
interest of $6,586.31 instead of $11,686 claimed on their return;
that petitioners were entitled to a deduction for taxes paid of
$2,575.56 instead of $2,117 claimed on their return; and that
petitioners were entitled to a deduction for moving expenses of
$391, for which no amount was claimed on their tax return. The
other Schedule A adjustment was the disallowance in the notice of
deficiency of $9,781 claimed for unreimbursed employee expenses
and tax preparation fees. No concessions were made by respondent
on these disallowed deductions. With these concessions,
petitioners conceded all other adjustments, including the
addition to tax under section 6651(a)(1). Thus, the issues
remaining are whether petitioners are liable for the accuracy-
Page: Previous 1 2 3 4 5 6 7 8 9 10 Next
Last modified: May 25, 2011