- 5 - 1040, U.S. Individual Income Tax Return, for the taxable year 1999 with a filing status of married filing jointly. The Federal income tax return for the taxable year 1999 was signed by petitioner and petitioner’s wife, Cynthia K. Berrey, on or about March 31, 2004. On his Form 1040, petitioner reported the following relevant items: Line Amount 7 Wages $88,904 8a Taxable interest 71 9 Ordinary dividends 89 13 Capital gain 966 16a Total pensions and annuities 96,761 16b Taxable amount 96,761 34 Adjusted gross income 187,214 36 Itemized deductions 53,512 53 Tax on IRAs,... 6,323 On Schedule A, Itemized Deductions, petitioner reported the following relevant deductions and expenses: Line Amount 1 Medical and dental expenses $47,570 2 Adjusted gross income1 187,214 3 Multiply line 2 above by 7.5%2 14,041 4 Medical expense deduction $33,529 1Amount from Form 1040, line 34. 27.5-percent limitation under sec. 213(a). As of the time of trial, petitioner’s Form 1040, which was submitted to respondent’s Appeals officer, had not been accepted by respondent. Also, as of the time of trial, respondent had not assessed the tax due from Ms. Berrey because, as respondent explained, “[petitioner] and * * * [Ms. Berrey] filed jointly,Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 Next
Last modified: May 25, 2011