- 2 - Respondent determined a deficiency of $2,508 in petitioners' Federal income tax for 1999. The sole issue for decision is whether Louis Bonner, Jr. (petitioner) received payments during 1999 that constitute gross income under section 61(a)(1) as compensation for services rendered. Some of the facts were stipulated. Those facts, with the exhibits annexed thereto, are so found and are incorporated herein by reference. Petitioners, husband and wife, were residents of Shreveport, Louisiana, at the time the petition was filed. Petitioner is a cabinet maker, building such things as kitchen cabinets, bookcases, and shelves. He has been engaged in this kind of work for approximately 30 years. Petitioner Celeste Bonner was employed by Century Telephone Co. during the year in question in the collections department. At trial, she was employed by Alltell Telephone Co. Petitioners filed a joint Federal income tax return for 1999 on which they reported wage and salary income of $37,314, taxable interest income of $13, and taxable pension income of $755, all of which totaled $38,082. In their tax computation, petitioners included the 10-percent tax under section 72(t) for early distributions from a qualified plan in the amount of $76. Respondent determined that petitioners failed to include on theirPage: Previous 1 2 3 4 5 6 7 Next
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