James Brian Medis - Page 3

                                        - 2 -                                         
               Respondent determined that petitioner is liable for a                  
          deficiency in Federal income tax of $6,662 and an addition to tax           
          under section 6651(a)(1) of $999.30 for the 2000 taxable year.              
          After concessions,1 the issues for decision are:  (1) Whether               
          petitioner is entitled to claimed itemized deductions and (2)               
          whether petitioner is liable for the alternative minimum tax                
          (sometimes referred to as AMT) for the 2000 taxable year.                   
                                     Background                                       
               Some of the facts have been stipulated, and they are so                
          found.  The stipulation of facts and the attached exhibits are              
          incorporated herein by this reference.  At the time the petition            
          was filed petitioner resided in Blue Jay, California.                       
               On June 17, 2001, petitioner filed a Form 1040, U.S.                   
          Individual Income Tax Return, for the 2000 taxable year (2000               
          income tax return).  Petitioner did not request, nor did he                 
          receive, an extension to file his 2000 income tax return.                   
          Petitioner reported wages of $50,921, such amount also being                
          reported as petitioner’s adjusted gross income for the 2000                 
          taxable year.  Petitioner claimed the following itemized                    
          deductions on Schedule A:                                                   



               1  Petitioner concedes that he is liable for the addition to           
          tax under sec. 6651(a)(1) for the 2000 taxable year.  Petitioner            
          further concedes that he received, but failed to report wages of            
          $12,138 for the 2000 taxable year.                                          





Page:  Previous  1  2  3  4  5  6  7  8  9  Next

Last modified: May 25, 2011