Carl L. Richey - Page 3




                                        - 2 -                                         
          effect for the years in issue, and all Rule references are to the           
          Tax Court Rules of Practice and Procedure.                                  
               Respondent determined the following deficiencies and                   
          additions to tax with respect to petitioner’s Federal income                
          taxes:                                                                      
                                    Additions to Tax                                  
                    Taxable                       Sec.         Sec.       Sec.        
                     Year       Deficiency     6651(a)(1)   6651(a)(2)   6654(a)      
                    1995         $5,881          $682         ----       $148         
                    1996          6,483           767         $409        165         
               After concessions, the sole issue remaining for decision is            
          whether petitioner is liable for the various additions to tax               
          determined by respondent.1                                                  
               Some of the facts have been stipulated and are so found.               
          The stipulations of fact and the attached exhibits are                      
          incorporated herein by this reference.  Petitioner resided in               
          Verbank, New York, on the date the petition was filed in this               
          case.                                                                       
               Petitioner suffered from prostate cancer and received                  
          medical treatments relating thereto starting in 1990.  In 1995,             


          1Petitioner concedes all other adjustments in the statutory                 
          notices of deficiency.  The parties stipulated to certain items             
          of income received by petitioner.  With one exception, this                 
          income is reflected in the notices of deficiency.  The exception            
          is a State income tax refund of $131 which is includable in                 
          petitioner’s gross income in 1995.  In addition, respondent                 
          concedes that petitioner is entitled to deductions not reflected            
          in the notices--to alimony deductions of $7,700 for 1995 and                
          $18,800 for 1996, and to deductions (subject to the adjusted                
          gross income limitation of sec. 213(a)) for medical expenses of             
          $9,284 in 1995 and $11,460 in 1996.                                         




Page:  Previous  1  2  3  4  5  6  7  8  Next

Last modified: May 25, 2011