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corporation that subcontracted its employees to the Intel Corp.
at Albuquerque, New Mexico. Mrs. Valdez was not employed during
1997 and 1998 and worked briefly for the Santa Fe Star Casino
during 1999.
Prior to the years at issue, petitioners engaged the
services of a certified public accountant, or a nationally
recognized tax preparation service, for the preparation of their
Federal income tax returns. For the years at issue, one of
petitioner's coworkers recommended that petitioners employ a
return preparer, Robin Beltran, because "this man can get you
more money back on your taxes than what you've been getting."2
When petitioners met with Mr. Beltran, for each of the 3
years they presented to him substantiation for itemized
deductions for home mortgage interest and real estate taxes.
They presented no documentation to substantiate any other
itemized deductions. Nonetheless, the returns for each year
claimed the following itemized deductions (in addition to the two
aforementioned expenses for home mortgage interest and real
estate taxes):
2 This case is one of numerous cases heard by the Court
involving tax returns prepared by Mr. Beltran, which essentially
involve the same deductions. At some point in the audit process,
Mr. Beltran ceased all communications with his former clients.
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