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1993
Tax Penalties Interest Fees
3d-Q 1985 $22,987.26 $11,658.13 $15,345.61 $9
4th-Q 1984 11,695.00 18,540.11 --- ---
4th-Q 1986 32,903.30 3,278.74 358.88 ---
Total 67,585.56 33,476.98 15,704.49 9
1994
Tax Penalties Interest Fees
3d-Q 1985 --- ($7,540.66) $9,943.35 ---
4th-Q 1984 --- 2,274.92 1,821.88 ---
4th-Q 1986 $27,597.31 --- --- ---
Total 27,597.31 (5,265.74) 11,765.23 ---
The foregoing amounts total $116,776.03 for 1993 and $34,096.80
for 1994.
On April 15, 1996, petitioners filed Form 4868, Application
for Automatic Extension of Time to File U.S. Individual Income
Tax Return, extending the due date of their 1995 tax return to
August 15, 1996. Petitioners claim they timely filed Form 2688,
Application for Additional Extension of Time to File U.S.
Individual Income Tax Return, which extended the time to file
their 1995 tax return to October 15, 1996. Petitioners mailed
their 1995 tax return to respondent on October 15, 1996, and
respondent received it on October 17, 1996. Petitioners did not
attach a copy of Form 2688 to their 1995 tax return. Exhibit 8-P
is a photocopy of the Form 2688 allegedly submitted by
petitioners. Respondent claims his records do not show receipt
of a Form 2688 from petitioners.
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