- 16 - Dimensions and changes in the way the company was conducting its business. Furthermore, we simply do not believe that petitioner did not carefully examine his Form W-2 and consider the amount of income he reported on his 1999 Federal income tax return in view of all the changes that occurred with his paychecks during the disputed pay period. Because of the inconsistencies in petitioner’s testimony, we decline to believe him where his testimony conflicts with other testimony or evidence concerning the terms of the work between petitioner and New Dimensions. We are not required to accept at face value a taxpayer’s self-serving and uncorroborated testimony, particularly where other and better evidence concerning the point in question is available. Wood v. Commissioner, 338 F.2d 602, 605 (9th Cir. 1964), affg. 41 T.C. 593 (1964); Lewis v. Commissioner, T.C. Memo 1993-635. We now address the seven factors mentioned above as they relate to the facts in the present case. As we mentioned above, these seven factors are not weighed equally, but should be weighed according to their significance in a particular case. Aymes v. Bonelli, supra; Youngs v. Commissioner, supra. In the present case, we are most influenced by the evidence that has persuaded us that the parties intended to enter into a principal-independent contractor relationship during the disputed pay period.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011