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Respondent determined a deficiency in petitioner’s Federal
income tax of $989 for taxable year 2003. The issues for
decision with respect to the taxable year at issue are: (1)
Whether petitioner failed to report interest from Nationwide Life
Insurance Company in the amounts of $16 and $11; (2) whether
petitioner failed to report compensation in the amount of $3,497;
and (3) whether petitioner is liable for self-employment tax.
Background
Some of the facts are stipulated and are so found. The
stipulation of facts and attached exhibits are incorporated
herein by reference. At the time the petition was filed,
petitioner resided in Lebanon, Ohio.
During taxable year 2003, petitioner was employed by
AquaProof, Inc. (AquaProof), a company that specializes in
foundation repair, waterproofing basements, and installing
drainage systems. Petitioner earned $17,539.42 from AquaProof in
2003. The Form W-2, Wage and Tax Statement, issued by AquaProof
shows that Federal income tax and Social Security taxes were
withheld from his wages.
On or about November 17, 2003, petitioner was fired from his
job at AquaProof. The next day, petitioner began working for
Albert McMickle (Mr. McMickle), who owns a construction company
that specializes in framing new homes. In that job, petitioner
built and erected the load-bearing structural elements of a
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