- 14 - acted with reasonable cause or in good faith with respect to the items underlying the accuracy-related penalties. We sustain respondent’s determination as to the addition to tax and the accuracy-related penalties (to the extent that the parties computation(s) under Rule 155 establishes that petitioner understated his tax for each of the subject years by the greater of 10 percent of the tax required to be shown on the return or $5,000). All arguments made by the parties and not discussed herein have been rejected as meritless. To reflect concessions, Decision will be entered under Rule 155.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14
Last modified: May 25, 2011