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As indicated above, petitioners possessed facts sufficient
to allow them to estimate their income and expenses with respect
to the hairdressing activity. Petitioners failed to make any
attempt to calculate their income and expenses for 1996.
Accordingly, they are liable for the section 6662(a) accuracy-
related penalty for 1996.
Reviewed and adopted as the report of the Small Tax Case
Division.
To reflect the foregoing,
Decision will be entered
under Rule 155.
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Last modified: May 25, 2011