-2-
6654, respectively.1 After concessions by respondent,2 we
decide:
(1) Whether petitioner’s gross income includes nonemployee
compensation of $82,500 from Integrated Business Nonemployee
Strategies, Inc., wages of $53,092 from ACI, Inc., and interest
of $130 from various financial institutions (collectively,
unreported amounts). We hold it does;
(2) whether petitioner is liable for self-employment tax of
$3,735. We hold he is;
(3) whether petitioner is entitled to itemized deductions
exceeding the standard deduction allowed by respondent. We hold
he is not;
(4) whether petitioner is entitled to dependency exemptions
exceeding those allowed by respondent. We hold he is not;
(5) whether petitioner is liable for the additions to tax
determined by respondent under sections 6651(a)(1) and 6654. We
hold he is.
1 Section references are to the applicable versions of the
Internal Revenue Code, Rule references are to the Tax Court Rules
of Practice and Procedure, and dollar amounts are rounded.
2 Respondent conceded that: (1) Petitioner is not liable
for the addition to tax of $5,022 under sec. 6651(a)(2); and (2)
petitioner is entitled to additional dependency exemptions for
his wife and two children.
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