- 7 - States v. Boyle, supra at 246; Crocker v. Commissioner, 92 T.C. 899 (1989). Petitioners filed their 1999 Federal income tax return almost 3 years late. At the appeals hearing and at trial, petitioners presented numerous reasons for the delay. Petitioners testified that they sold three properties during 1999 and knew they would owe tax for capital gains on the sales. Because petitioners made renovations to each of the properties, they had valuation difficulties in the computation of their gains. Petitioners further testified that they experienced difficulty in gathering the necessary documentation. Petitioners filed for, and were granted, two extensions to file; however, they did not file for additional extensions after October 15, 2000. Beyond the complexity of their Federal income tax return, petitioners complained of numerous other difficulties that kept them from filing their return timely. In June 2000, petitioners moved into a new residence, due to rising crime in their former neighborhood. In July 2000, Mr. Caruso’s father died and he claimed he had to “spend nearly a year and most nights and weekends sorting through family belongings from * * * [his parents’] 68 years of marriage. Also, bills had to be paid for the estate, and that house sold, with great difficulty and delays.” Mr. Caruso testified that, although he had siblings, hePage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 Next
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