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Part II Individual Taxes
4 Total tax liability for 1997 $ unknown
5 Total 1997 payments 5,013.80
6 Balance. Subtract 5 from 4 unknown
Part III Gift/GFT Tax [No entries]
Part IV Total
9 Total liability. Add lines 6,7, and 8 $ unknown
10 Amount you are paying 0.00
Petitioners did not pay any Federal income tax when they filed
Form 4868. In the November 16, 1998, letter, petitioners
asserted the following additional reasons for their request for
extension of time to December 15, 1998, to file their 1997 return
and pay the tax due:
1. The extraordinary events which occurred during the
calendar year 1997 and subsequently. These included
very high income, investment in real estate which we
intended to sell to pay taxes and which did not sell in
the manner, for the price and within time we had
anticipated.
2. The preparation of the return required
consideration of the casualty loss of our bay house
near Fort Morgan as a result of Hurricane Danny in
July, 1997. Additionally, we suffered substantial
damages to our home here in Atmore, Alabama and less
severe damages to our law office here as a result of
Hurricane Georges during the latter part of September,
1998. The aftermath of damage to our home, the
necessary repair of which was not all covered by
insurance, the electrical power outages at our office
and at home frustrated our good faith efforts to file
the return and pay the tax.
3. We have additional personnel changes since August
14, 1998, including the bookkeeper who was assisting
with our tax records in the preparation of the return.
4. The law practice income which is our primary source
of income for 1998 has not reached the level of income
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