Gregory L. Shireman - Page 11

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          of his taxes.  Therefore, we decline to impose a penalty under              
          section 6673(a), but admonish petitioner that we shall not be               
          inclined to exercise our discretion so favorably in the future if           
          he persists in pursuing frivolous arguments before this Court.              
          See Sides v. Commissioner, T.C. Memo. 2004-141; Kaeckell v.                 
          Commissioner, T.C. Memo. 2002-114.                                          
               In reaching our holding herein, we have considered all                 
          arguments made, and, to the extent not mentioned above, we                  
          conclude that they are irrelevant or without merit.                         


                                                           Decision will be           
                                                    entered for respondent.           


























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