- 2 - related penalty, pursuant to section 6662(a),1 of $6,402 for 2000. The issues for decision2 are: (1) Whether petitioner is entitled to the deductions he claimed on Schedule C, Profit or Loss From Business, of his 2000 return; and (2) whether petitioner is liable for the accuracy-related penalty under section 6662(a). Background Petitioner resided in Anaheim, California, when his petition in this case was filed. During 2000, petitioner was a trucker who worked both as a union employee and as an independent contractor for Consolidated Freightways, a trucking company. Consolidated Freightways permitted its employees to maintain records in an office at the end of its loading dock, and petitioner kept his business records there throughout 2000. Petitioner testified that he used these records in the preparation of his 2000 Federal income tax return. 1All section references are to the Internal Revenue Code in effect for the taxable year in issue, and all Rule references are to the Tax Court Rules of Practice and Procedure. All monetary amounts are rounded to the nearest dollar. 2Respondent also determined an increase in petitioner’s self-employment tax. The adjustment is computational and turns on our resolution of the Schedule C deduction issue.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Next
Last modified: May 25, 2011