David G. Turner - Page 3

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          accuracy-related penalty under 6662(a) and (b)(1) because                   
          petitioner’s Form 1040, U.S. Individual Income Tax Return, did              
          not constitute a valid return.                                              
                                  FINDINGS OF FACT                                    
               Some of the facts have been stipulated.  The stipulation of            
          facts and the attached exhibits are incorporated herein by this             
          reference.  Petitioner resided in Atlanta, Georgia, at the time             
          his petition was filed.                                                     
               During 1999, petitioner was employed by Primerica Financial            
          Services, Inc. (PFS).  At some point before 1999 petitioner                 
          submitted Form W-4, Personal Allowances Worksheet, to PFS                   
          instructing that PFS not withhold Federal income taxes from his             
          compensation.                                                               
               Petitioner filed Form 1040 for the 1999 tax year.3                     
          Petitioner did not enter on the form any financial information              
          for the tax year but instead entered zeros on every line                    
          regarding income and reported his total income for 1999 as zero.            
          Petitioner’s 1999 filing status was married filing separately,              
          and he claimed the standard deduction on the basis of his filing            
          status.  Petitioner also claimed personal exemptions for himself            
          and his spouse, and a dependency exemption for his daughter.                
                                                                                     

               3 We are unable to discern from the record whether                     
          petitioner’s Form 1040 was timely filed, because it was stamped             
          “Received” by an Internal Revenue Service on July 20, 2000, even            
          though petitioner signed and dated it Apr. 15, 2000.                        




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