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petitioners paid taxes on the deferred income. The Court,
therefore, sustains respondent.4
Reviewed and adopted as the report of the Small Tax Case
Division.
Decision will be entered
for respondent.
4Petitioners received Social Security benefits during the
year 2000. Adjustments were made in the notice of deficiency
with respect to the taxable amount of those benefits. The
adjustment to this item is computational based on our conclusion
with respect to the disputed issue.
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Last modified: May 25, 2011