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15,000 Dain Rauscher Stocks/bonds sales
29,380 Dain Rauscher Stocks/bonds sales
5,000 Dain Rauscher Stocks/bonds sales
10,000 Dain Rauscher Stocks/bonds sales
15,310 Dain Rauscher Stocks/bonds sales
25,000 Dain Rauscher Stocks/bonds sales
887 Dain Rauscher Interest
7,770 Dain Rauscher Savings bond interest
4 Hancock Bank Interest
OPINION
A. Whether Petitioner or Respondent Bears the Burden of Proof
Petitioner contends that respondent bears the burden of
proof relating to the deficiency because section 7491(a) applies
and because the notices of deficiency were arbitrary and
erroneous for each year in issue. We disagree for reasons stated
next.
1. Whether Respondent Bears the Burden of Proof Under
Section 7491
Petitioner contends that respondent bears the burden of
proof under section 7491(a).2 We disagree.
2 Sec. 7491 provides in pertinent part:
SEC. 7491. BURDEN OF PROOF.
(a) Burden Shifts Where Taxpayer Produces Credible
Evidence.--
(1) General Rule.--If, in any court proceeding, a
taxpayer introduces credible evidence with respect to
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Last modified: May 25, 2011