- 3 - Petitioner was granted a divorce in 1999, but the divorce was appealed by petitioner and his wife. The current status of the appeal is unknown, but petitioner’s wife has remarried. Petitioner sees his two youngest children once a month and sees the two older children much less frequently. He continues to pay support and provide medical insurance for the children; he paid for medical insurance for his wife through 1999. He has also paid for other expenses for the children over the years, including clothing expenses. Petitioner filed a Federal income tax return for taxable year 1998 with the filing status married filing separately. For each of his four children, petitioner claimed a dependency exemption deduction and a child tax credit. Petitioner reported the following tax liability: Pension and annuity income $31,246 Itemized deductions (5,214) Personal exemption deduction (2,700) Dependency exemption deductions (10,800) Taxable income 12,532 Tax from tax tables 1,879 Child tax credits (1,600) Tax 279 Only what appears to be the cover sheet from the statutory notice of deficiency, without attachments, was introduced into evidence. Consequently, we do not have before us the rationale for respondent’s adjustments. The petition, along with the parties’ arguments and testimony, center around petitioner’s entitlement to the four dependency exemption deductions.Page: Previous 1 2 3 4 5 6 7 Next
Last modified: May 25, 2011