Diep N. Hoang - Page 3

                                        - 3 -                                         
          petitioner Forms 1099-R, Distributions From Pensions, Annuities,            
          Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts,              
          etc., for these distributions.  The Forms 1099-R listed the                 
          taxable amounts of these distributions as $19.86, $393.19,                  
          $5,410.13, and $3,966.76.                                                   
               During 2001, petitioner also held a non-IRA account with               
          2001 Tax Return                                                             
               On his 2001 Federal income tax return, petitioner reported             
          $92.45 in interest, $7,325 of ordinary dividends, zero of total             
          IRA distributions, and zero of taxable IRA distributions.  The              
          reported interest was from First Union and Huntington National              
          Bank.  The reported ordinary dividends were from Invesco,                   
          Fidelity, American Century, Janus, Vanguard, and PBHG.                      
          Notice of Deficiency                                                        
               In a notice of deficiency, respondent determined that                  
          petitioner failed to report $2,301 in interest and a $9,788                 
          taxable IRA distribution.2                                                  

               2  Respondent did not seek to increase the deficiency by the           
          amounts of the interest ($1.46) and the IRA distribution ($1.94)            
          in excess of the amounts determined in the notice of deficiency.            
          Respondent rounded the figures reported to the Internal Revenue             
          Service down to whole dollars in his computations.                          

Page:  Previous  1  2  3  4  5  6  7  8  9  Next

Last modified: May 25, 2011