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Respondent determined a deficiency in and additions to
petitioner's Federal income tax for taxable year 2000 as follows:
Additions to Tax1
Year Deficiency Sec. 6651(a)(1) Sec. 6651(a)(2) Sec. 6654(a)
2000 $16,583 $1,416 $629 $277
1Figures are rounded to the nearest dollar.
After concessions,1 the issues for decision are whether
petitioner is: (1) Required to report wages he received; (2)
required to report gambling winnings he received; (3) required to
report interest he received; (4) required to report self-
employment income he received; (5) entitled to deduct certain
trade or business expenses on Schedule C, Profit or Loss From
Business; and (6) liable for self-employment tax pursuant to
section 1401.
Background
Some of the facts have been stipulated and are so found.
The stipulation of facts and the exhibits received into evidence
are incorporated herein by reference. At the time the petition
in this case was filed, petitioner resided in Philadelphia,
Pennsylvania.
1Respondent concedes that petitioner is not liable for the
addition to tax for failure to pay tax under sec. 6651(a)(2).
Petitioner concedes that any deficiency redetermined by the Court
is subject to the addition to tax under sec. 6651(a)(1) for
failure to file a tax return timely and the addition to tax
under sec. 6654(a) for failure to pay estimated taxes.
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