Glenn S. Hodges - Page 1

                                 T.C. Memo. 2005-168                                  

                               UNITED STATES TAX COURT                                

                           GLENN S. HODGES, Petitioner v.                             
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      

               Docket No. 8582-03.             Filed July 11, 2005.                   

                    P filed no income tax return for 2000, and R                      
               determined a deficiency in tax and additions to tax on                 
               account thereof.  P disputes his obligation to file an                 
               income tax return and pay tax on constitutional                        
               grounds, disputes R’s disallowance of basis in various                 
               securities sold by P, and challenges the additions to                  
                    1.  Held:  P’s claim that he has no obligation to                 
               file a tax return and pay tax is without merit.                        
                    2.  Held, further, P has failed to prove that his                 
               basis in any of the securities is greater than zero.                   
                    3.  Held, further, P is liable for an addition to                 
               tax under sec. 6651(a)(1), I.R.C., for failure to file                 
               a return.                                                              

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