Jerry Howard-Crowley - Page 3

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               Respondent determined a deficiency in petitioner's 2000                
          Federal income tax of $12,915, an addition to tax of $646 under             
          section 6651(a)(1), and an accuracy-related penalty of $2,583               
          under section 6662(a).                                                      
               The parties agree that petitioner received miscellaneous               
          income of $45,548 from B & D Stone Property Management, Inc., and           
          $189 in interest income from Community Guaranty Savings.  The               
          parties further agree that petitioner is entitled to deduct on              
          Schedule A, Itemized Deductions, medical expenses of $1,731.50,             
          taxes of $1,879.05, and interest of $1,297.63.  And the parties             
          agree that petitioner is entitled to deduct on Schedule C, Profit           
          or Loss From Business, insurance of $377, taxes and license fees            
          of $128.20, repairs and maintenance expenses of $104.73, and                
          supplies expenses of $18,129.19.                                            
               The issues remaining for decision are whether petitioner is:           
          (1) Entitled to any deductions in excess of those agreed to by              
          respondent; (2) liable for the addition to tax under section                
          6651(a)(1); and (3) liable for the accuracy-related penalty under           
          section 6662.                                                               
               Some of the facts have been stipulated and are so found.               
          The stipulation of facts and the exhibits received in evidence              
          are incorporated herein by reference.  At the time the petition             
          was filed, petitioner resided in Plymouth, New Hampshire.                   








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