- 4 -
this service because of what they perceived to be complications
in the reporting of transactions involving stock options
petitioner received as an employee of Intel Corp. On the
recommendation of several of his coworkers at Intel Corp.,
petitioners engaged a tax return preparer, Robin Beltran, for
their 1998 and 1999 returns.2
With respect to the contested issues, petitioners claimed
the following charitable contributions as itemized deductions on
their income tax returns:
1998 1999
Cash contributions $7,270 $7,446
Noncash contributions 413 413
Totals $7,683 $7,859
In the notice of deficiency, respondent disallowed the amounts
claimed for each year for lack of substantiation.
At trial, petitioners produced documentation that would
establish payment of some charitable contributions for the years
at issue but nowhere near the amounts claimed on their returns.
They agreed that their noncash contributions were considerably in
excess of the $413 claimed each year but produced no
documentation as to their noncash contributions. Their return
2 The Court notes that 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 issue here.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Next
Last modified: May 25, 2011