- 5 -
On October 30, 2002, respondent issued a notice of
deficiency to petitioner with respect to his 1999 taxable year.
Respondent computed petitioner’s 1999 income using third-party
information returns. After concessions, the adjustments to
petitioner’s income include:
Form and Payor Amount Paid
W-2, PFS $60,331.68
1099B, CitiBank, N.A. 25.00
1099-DIV, Hershey 162.97
Foods Corp.
1099-DIV, SouthTrust 1,973.70
Corp.
1099-DIV, Colonial 1,793.52
BancGroup, Inc.1
1099-DIV, CitiCorp 73.00
Preferred Series
1099-INT, Colonial 65.00
Bank 22
Total 64,424.87
1 The notice of deficiency indicated that
Colonial BancGroup filed two separate Form
1099-DIV information returns, but attached to
petitioner’s 1999 Form 1040 was a copy of a
single Form 1099-DIV which aggregated the
amounts on the two received by respondent.
The notice of deficiency also determined the addition to tax
under section 6651(a)(1) and the penalty under section 6662(a)
and (b)(1).
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Next
Last modified: May 25, 2011