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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.
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