- 18 - income tax returns jointly with his then wife; they reported the following adjusted gross income and taxable income on those returns: Year Adjusted Gross Income Taxable Income 1981 $35,266 $24,184 1982 32,636 15,314 1983 20,917 2,765 1984 21,371 -0- 1985 3,170 -0- Mr. Strong’s Prior Year Returns Mr. Strong filed his 1986 Federal income tax return in March 1990 with the following details: (1) His filing status on that return was married filing separate; (2) he claimed exemptions for his three children; (3) he reported adjusted gross income of $31,952; (4) he claimed itemized deductions of $6,826; and (5) he reported taxable income of $17,526. The reported tax liability of $2,105 was not paid until August 1991. He filed his 1987 Federal income tax return in March 1990 with the following details: (1) His filing status on that return was married filing separate; (2) he claimed exemptions for his three children; (3) he reported adjusted gross income of $11,976; (4) he claimed itemized deductions of $5,875; and (5) he reported taxable income of zero. The reported self-employment tax liability of $1,116 was not paid until April 1992. Mr. Strong filed his 1988 Federal income tax return in March 1990 with the followingPage: Previous 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 Next
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