- 2 - FINDINGS OF FACT Petitioner resided in Toledo, Ohio, at the time the petition in this case was filed. Petitioner timely filed his 1999 Federal income tax return. Attached to the return was a Form W-2, Wage and Tax Statement, from "Four-A Electric, Inc." reporting wages to petitioner of $54,819. Petitioner reported the amount of his wages on line 7 of the return. On Schedule A, Itemized Deductions, of his return, petitioner claimed deductions for State and local taxes of $4,999, and charitable contributions of $100. He also claimed on Schedule A miscellaneous itemized deductions for unreimbursed employee expenses of $39,224, after reduction for the 2-percent floor of section 67.1 From adjusted gross income of $55,207, petitioner deducted total itemized deductions of $44,323, and a personal exemption of $2,750, to arrive at taxable income of $8,134 on which he computed a tax due of $1,219. As petitioner had total withholding credits of $6,197, he claimed an overpayment of $4,978. Petitioner did not attach Form 6251, Alternative Minimum Tax-Individuals, to his 1999 income tax return, or report any liability for the alternative minimum tax on line 51 of Form 1040, U.S. Individual Income Tax Return. 1Unless otherwise indicated, all section references are to the Internal Revenue Code in effect for the year in issue.Page: Previous 1 2 3 4 5 6 7 8 Next
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