- 4 - Tillotson indicating wage income of $884.54 and Federal income tax withheld of $39.92. Petitioner and Mr. Tillotson timely filed with the Internal Revenue Service a joint Form 1040 for taxable year 1997. On their jointly filed Form 1040, petitioner and Mr. Tillotson reported: (1) Wage income of $11,603, (2) business income of $8,306, (3) pension and annuity income of $192, (4) taxable income of $7,134, (5) self-employment tax of $1,173, (6) Federal income tax withheld of $743, and (7) an amount owed of $1,548. Petitioner and Mr. Tillotson attached a Schedule C, Profit or Loss From Business, to their jointly filed 1997 Federal income tax return. On the Schedule C, Mr. Tillotson was identified as the proprietor of a business named “Contract Installations”. Petitioner and Mr. Tillotson did not satisfy the underpayment when they filed their joint 1997 Federal income tax return. During 1998, petitioner was employed by ODESCO, Blair Graphics, Inc., and Wyatt & Associates. During 1998, Mr. Tillotson was self-employed. ODESCO prepared a 1998 Form W-2 for petitioner indicating wage income of $72 and no Federal income tax withheld. Blair Graphics, Inc. prepared a 1998 Form W-2 for petitioner indicating wage income of $4,994.10 and Federal income tax withheld of $477.75. Wyatt & Associates prepared a 1998 Form W-2 for petitioner indicating wage income of $12,986.38 and Federal income tax withheld of $1,262.68.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