-2- determined petitioner was liable for a $1,900.60 accuracy-related penalty under section 6662. For 2001, respondent determined a deficiency of $20,812.00 and determined petitioner was liable for a $4,162.40 accuracy-related penalty under section 6662. There are four issues for decision. The first issue is whether compensation petitioner received from an American Indian tribe during the years at issue is taxable to him. We hold that it is. The second issue is whether petitioner may reduce his income by $69,916 for 2001. We hold that he may not. The third issue is whether petitioner is entitled to deductions beyond those reported on his returns for the years at issue. We hold that he is not. The fourth issue is whether petitioner is liable for the accuracy-related penalty under section 6662 for the years at issue. We hold that he is. FINDINGS OF FACT Some of the facts have been stipulated and are so found. The stipulation of facts and the accompanying exhibits are incorporated by this reference. Petitioner resided in Lac Du Flambeau, Wisconsin, at the time he filed the petition. Petitioner’s Income During the Years at Issue Petitioner is an enrolled member of the Lac Du Flambeau Band, a federally recognized American Indian tribe (the tribe). The leadership of the tribe consists of an elected tribal council. Petitioner served as vice chairman of the tribal 1(...continued) Tax Court Rules of Practice and Procedure, unless otherwise indicated.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Next
Last modified: May 25, 2011