- 2 - Practice and Procedure. The decision to be entered is not reviewable by any other court, and this opinion should not be cited as authority. Respondent determined a deficiency of $3,177 in petitioners’ 2000 Federal income tax and imposed a $635.40 section 6662(a) accuracy-related penalty. The issues for decision are: (1) Whether petitioners are entitled to various deductions claimed on a Schedule C, Profit or Loss From Business, included with their 2000 joint Federal income tax return; and (2) whether the underpayment of tax required to be shown on petitioners’ 2000 return is due to negligence or intentional disregard of rules or regulations. Background Some of the facts have been stipulated and are so found. At the time the petition was filed, petitioners resided in Fontana, California. References to petitioner are to Emmanuel Abloso. For most of the year in issue, petitioner was employed full time by ANVICOM. Petitioner worked “at least 40 hours a week” there and earned wages of $43,741. In 1999, petitioner attended a seminar conducted by Renaissance TTP, Inc. (Renaissance). Renaissance sometimes refers to itself in its publications as “The Tax People”. Renaissance developed and marketed “The Tax Relief System” (TRS), a program designed to provide tax products and services targetedPage: Previous 1 2 3 4 5 6 7 8 9 10 11 Next
Last modified: May 25, 2011