Wayne E. and Ann L. Burk - Page 5

                                        - 4 -                                         
          earnings from self-employment, no earned income, and accordingly,           
          no compensation.                                                            
               There is no question but that petitioners had various items            
          of income properly reportable on their income tax return.                   
          Unfortunately, neither petitioner received any compensation, as             
          Congress defined this term for IRA purposes, during 2000.                   
          Accordingly, we conclude that petitioners are not entitled to the           
          claimed IRA deduction in issue.  We have no choice but to sustain           
          respondent’s determination.                                                 
               Contentions we have not addressed are irrelevant, moot, or             
          without merit.                                                              
               Reviewed and adopted as the report of the Small Tax Case               

                                                  Decision will be entered            
                                             for respondent.                          

Page:  Previous  1  2  3  4  5  

Last modified: May 25, 2011