Claudia J. Miner - Page 6




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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                  
                                                             (continued...)           




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