- 5 -
Thereafter, refunds claimed on her individual Federal income tax
returns filed for the years 1993, 1994, and 1995 were applied to
the outstanding 1992 liability as follows:
Date Amount of Refund
August 25, 1995 (1993 refund) $1,342
August 25, 1995 (1994 refund) 1,876
April 15, 1996 (1995 refund) 807
On May 23, 1995, respondent issued a notice of deficiency to
petitioner and Mr. Stimeling that indicated respondent had
determined a deficiency of $588 in their 1992 Federal income tax.
The deficiency results from the reduction of a claimed itemized
deduction for interest expense and inclusion of interest income
not reported on the joint return. A petition to this Court was
not filed in response to that notice and the deficiency was
assessed.
On September 25, 1995, petitioner filed an individual 1992
Federal income tax return as a married person filing a separate
return (the separate return). On the separate return, petitioner
(1) reported the wages previously attributed to her on the joint
return; (2) included what appears to be the interest income
referenced in the notice of deficiency; and (3) computed her
Federal income tax liability taking into account the standard
deduction appropriate to her filing status. She applied the
Federal income tax withholdings from her wages taken into account
Page: Previous 1 2 3 4 5 6 7 8 9 Next
Last modified: May 25, 2011