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from Florida Power Corp. reporting $38,889.90 in wages. In
arriving at total income and adjusted gross income, the only
subtractions were a $426.06 Schedule C, Profit or (Loss) From
Business or Profession, business loss and a $577.65 Schedule E,
Supplemental Income Schedule, loss. The total tax listed was
$4,160. The Federal income tax withheld listed was $5,225.34.
Christopher prepared the 1982 return.
On their joint income tax return for 1983, petitioner and
Christopher reported $42,570 in wages. Attached to this return
was a Form W-2 for Christopher from Florida Power Corp. reporting
$42,363.66 in wages. In arriving at total income and adjusted
gross income, the only additions and subtractions were $214.21 in
interest income, an $800.50 Schedule C business loss, and a
$753.62 Schedule E loss. The total tax listed was $5,102. The
Federal income tax withheld listed was $5,741.01. Christopher
prepared the 1983 return.
On their joint income tax return for 1984, petitioner and
Christopher reported $47,234 in wages. Attached to this return
was a Form W-2 for Christopher from Florida Power Corp. reporting
$47,096.20 in wages and a Form W-2 for petitioner from “Mad.
Health Spa of St Pete, Inc” reporting $138.32 in wages. In
arriving at total income, the only additions and subtractions
were $92 in interest income and a $30,270 Schedule E loss. This
Schedule E loss was entirely attributable to petitioner and
Christopher’s investment in SGE 1984-2. Petitioner and
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