- 2 -
Background
During 1997 and at the time their petition was filed,
petitioners resided in Multnomah County, Oregon.
On May 7, 1998, petitioners filed with respondent a document
purporting to be their 1997 joint Federal income tax return (1997
tax return). Thereon, petitioners indicated that Gary’s
occupation was that of a salesman and that Frances’s (Fran)
occupation was that of a computer consultant.
A Form W-2, Wage and Tax Statement, that was attached to
petitioners’ 1997 tax return reflected that in 1997 Gary received
wages of $25,101 from his employer and that during 1997 $2,114 in
Federal income taxes was withheld from Gary’s wages.
There was no Form W-2 attached to and no Schedule C, Profit
or Loss From Business, or estimated tax payments reflected on
petitioners’ 1997 tax return relating to wages or income earned
in 1997 by Fran.
In spite of the above $25,101 in Gary’s wages and in spite
of any income Fran earned from her computer consulting business,
on their 1997 tax return, petitioners reflected zero wages, zero
total income, zero adjusted gross income, zero taxable income,
and zero tax liability. Also, on their 1997 tax return
petitioners claimed a refund for the total $2,114 in Federal
income taxes that had been withheld from Gary’s wages.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 Next
Last modified: May 25, 2011