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Respondent determined a deficiency of $4,860 in petitioners’
Federal income tax for the taxable year 1997. The cover page of
the notice of deficiency shows a deficiency of $14,341 for the
year at issue. The $9,481 discrepancy relates to tax previously
assessed because of computational errors on petitioners’ 1997
Federal tax return. See sec. 6213(b)(1). When issuing the
notice of deficiency, respondent inadvertently included the tax
previously assessed because of the computational errors in the
amount of the deficiency. Accordingly, the amount in dispute
determined in the notice of deficiency is $4,860.1
In the notice of deficiency, respondent also determined that
petitioners failed to report $6,043 of alternative minimum tax
(AMT).
Some of the facts in this case have been stipulated and are
so found. The stipulation of facts and the attached exhibits are
incorporated herein by this reference. At the time the petition
was filed, petitioners lived in Woodbury, New York.
In the stipulation of facts, respondent concedes that
petitioners are entitled to (1) an additional deduction of $300
for State and local income taxes above the amount originally
claimed on Schedule A, Itemized Deductions, and (2) a $7 foreign
1 The inconsequential error on the cover page of the notice
of deficiency does not affect the validity of the notice. See
Stussy v. Commissioner, T.C. Memo. 2002-257.
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