- 2 - entered is not reviewable by any other court, and this opinion should not be cited as authority. Respondent determined a deficiency of $10,699 in petitioners’ 1998 Federal income tax and a $417 section 6651(a)(1) addition to tax. Concessions by petitioners narrow the scope of our consideration to the following issues: (1) Whether petitioners are entitled to a deduction for meals and entertainment expenses claimed on a Schedule C, Profit or Loss From Business, included with their 1998 joint Federal income tax return; (2) whether petitioners are entitled to a deduction for travel expenses incurred in connection with a trip to Jamaica, and (3) whether petitioners’ failure to file a timely 1998 return was due to reasonable cause. Background Some of the facts have been stipulated and are so found. Petitioners are husband and wife. They were married in December 1998. At the time the petition was filed in this case, they resided in Chicago, Illinois. References to petitioner are to Michael Thibodeaux.1 1 Stephanie R. Thibodeaux neither appeared at trial nor signed the stipulation of facts. The case will be dismissed as to her for lack of prosecution. Rule 123(b). The decision entered with respect to her will reflect the disposition of the issues agreed to between petitioner and respondent or otherwise here in dispute, and it will be consistent with the decision entered with respect to petitioner.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 Next
Last modified: May 25, 2011