Marc A. Mehner - Page 2

                                         -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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