- 2 - year in issue, and all Rule references are to the Tax Court Rules of Practice and Procedure. Petitioner resided in Morro Bay, California, on the date the petition was filed in this case. Petitioner untimely filed a Form 1040, U.S. Individual Income Tax Return, on October 20, 1997, for taxable year 1996. He reported $15,043 in business income, but did not include with the form a Schedule C, Profit or Loss From Business. He claimed no deductions, but stated on the return that he had zero taxable income. Attached to his return was a “Tax Analysis Statement” in which he made numerous arguments, primarily to the effect that there is no law causing him to be liable for Federal income taxes. Respondent issued petitioner a statutory notice of deficiency, calculating his tax liability based upon his reported income as follows: Business income $15,043 Standard deduction (4,000) Personal exemption deduction (2,550) Self-employment tax deduction (1,063) Taxable income 7,430 Income tax 1,114 Self-employment income tax 2,126 Total tax liability (deficiency) 3,240 Respondent also determined that petitioner was liable for the addition to tax and penalty noted above.Page: Previous 1 2 3 4 5 6 Next
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