- 3 - OPINION JACOBS, Judge: Respondent determined the following deficiency in petitioners’ Federal income tax and accuracy- related penalties for 1994:1 Accuracy-Related Penalty Sec. Sec. Sec. Sec. Deficiency 6662(h) 6662(e) 6662(d) 6662(c) $17,059 $6,823 $3,411 $3,411 $3,411 In the second amendment to petition, Ingrid Capehart (petitioner) elected and requested relief from tax liability under section 6015(b), (c), and (f). The parties have filed a stipulation of settled issues and a stipulation of facts. In the stipulation of settled issues the parties have settled the substantive issues for determining the deficiency and the penalties. The parties agree that petitioners have a Federal income tax deficiency of $8,225 and are liable for an accuracy-related penalty under section 6662(a) in the amount of $507 for 1994. In addition, petitioner no longer seeks relief under section 6015(b) and (f), and respondent agrees that petitioner is entitled to relief under section 6015(c). 1Unless otherwise indicated, section references are to the Internal Revenue Code in effect at all relevant times.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011