WFO Corporation, et al. - Page 2

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          penalties for the tax years 1994, 1995, 1996, and 1997 as                   
          follows:2                                                                   
                                      WFO Corp.                                       
                                 docket No. 6913-02                                   
                                Accuracy-related                                      
          Penalties         Addition to Tax                                           
          Year    Deficiencies     Sec. 6662(a)       Sec. 6551(a)(1)                 
          1995       $1,725             $345.00           $431.25                     
          1996       95,228             19,045.60           0                         
                           Terence J. and Giselle M. Wolfe                            
                                 docket No. 6914-02                                   
                                             Addition to Tax                          
                    Year      Deficiency     Sec. 6651(a)(1)                          
                    1996      $22,762        $130.25                                  
                                  Terence J. Wolfe                                    
                                 docket No. 6915-02                                   
                                        Additions to Tax                              
               Year       Deficiencies    Sec. 6651(a)(1)   Sec. 6654                 
               1994        $1,980            $99.00         $102.75                   
               1995        11,875            593.75          643.88                   
                                  Giselle M. Wolfe                                    
                                 docket No. 6916-02                                   
          Accuracy-related                                                            
                                             Penalty                                  
                    Year       Deficiencies        Sec. 6662(a)                       
                    1995      $728           0                                        
                    1997      3,914          $148.40                                  
               Respondent has moved for entry of decisions with respect to            
          these cases based on a stipulation of settled issues signed by              
          the parties’ counsel and filed on March 13, 2003.  The                      


               2 Unless otherwise noted, all section references are to the            
          Internal Revenue Code as amended, and all Rule references are to            
          the Tax Court Rules of Practice and Procedure.                              





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