Terry I. and Louise Major - Page 3

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                                  FINDINGS OF FACT                                    
               Some of the facts have been stipulated and are so found.2              
          The stipulations of the parties, with accompanying exhibits, are            
          incorporated herein by this reference.  At the time this petition           
          was filed, petitioners resided in Glendale, Arizona.                        
               On August 29, 2003, respondent issued to petitioner Terry a            
          notice of deficiency determining that in 2001 Terry received                
          $18,407 in miscellaneous income from The Dollarhide Financial               
          Group LLC (Dollarhide) and $8,182 in miscellaneous income from              
          Lincoln Financial & Insurance Services of Nebraska or Lincoln               
          Financial Group (Lincoln) for computer services rendered under              
          the d.b.a. name, Major Computer Services.  These amounts were               
          reported to respondent on Forms 1099-MISC, Miscellaneous Income.            
          Respondent also determined that in 2001 Terry received $15 from             
          National Financial Services LLC, as reported to respondent on               
          Form 1099-DIV, Dividends and Distributions, and $1 from Robert              

               2 Petitioners objected to many of the paragraphs in the                
          Stipulation of Facts on Fifth Amendment grounds.  The Court                 
          informed petitioners that they were not permitted to use the                
          Fifth Amendment privilege as both a sword and a shield.  See                
          United States v. Rylander, 460 U.S. 752, 758 (1983).                        
          Furthermore, the Court warned petitioners that both the Supreme             
          Court and the Courts of Appeals have held that a person does not            
          have a right to claim the Fifth Amendment privilege to avoid                
          filing a Federal income tax return or to refuse signing a Federal           
          income tax return under penalties of perjury.  See United States            
          v. Sullivan, 274 U.S. 259, 263 (1927).                                      

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