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Penalty
Year Deficiency Section 6663
1989 $46,052 $34,539.00
1990 38,577 28,932.75
1991 52,452 39,339.00
1992 23,427 17,570.25
The issue for 1989 is whether petitioner has placed
respondent’s deficiency determination in issue. If he has, the
next issue is whether assessment of the deficiency determined for
1989 is barred by the statute of limitations.
After concessions by the parties, the issues for decision in
docket No. 15557-99 with respect to 1990, 1991, and 1992 are:
(1) Whether petitioner received and failed to report substantial
amounts of farm income for 1990, 1991, and 1992;1 (2) whether
1 Respondent calculated the farming income that petitioner
failed to report on his Federal income tax returns as follows:
Source 1990 1991 1992
Best Ever Dairy $137,801.38 $93,768.46 $108,817.49
Jon Hayes 3,455.00 1,375.00 1,875.00
Ag Max 17,208.11 -- --
Roann 7,680.00 17,500.00 6,200.00
Rochester Sale Barn 679.85 1,606.55 4,677.45
Stony Pike 12,722.72 11,340.75 10,875.20
Fred Hoover-- 5,569.32 7,598.75 4,743.32
Bartering
Fred Hoover--rent 10,500.00 2,475.00 2,475.00
Total farm income 195,616.38 135,664.51 139,663.46
Less reported
ordinary farm
income 21,953.00 14,069.00 20,270.00
Total unreported 173,663.38 121,595.51 119,393.46
farm income
Less unreported 13,402.57 12,947.30 15,552.65
capital gains
(continued...)
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Last modified: May 25, 2011