NT, Inc. d.b.a. Natures Touch - Page 1

                                   126 T.C. No. 8                                     

                               UNITED STATES TAX COURT                                

                      NT, INC. d.b.a. NATURES TOUCH, Petitioner                       
                   v. COMMISSIONER OF INTERNAL REVENUE, Respondent                    

               Docket No. 2725-05.           Filed April 19, 2006.                    

                    On Feb. 14, 2005, P, a corporation, petitioned the                
               Court to redetermine R’s determination of Federal                      
               income tax deficiencies, additions to tax under sec.                   
               6651(a)(1), I.R.C., and accuracy-related penalties                     
               under sec. 6662(a), I.R.C.  Shortly thereafter, the                    
               State in which P was organized suspended P’s corporate                 
               powers, rights, and privileges for failing to pay State                
               income tax.  R moves the Court to dismiss this case for                
               lack of prosecution to the extent that it relates to                   
               deficiencies and to find without trial that P is liable                
               for the additions to tax and accuracy-related penalties                
               as determined.  R asserts that P’s suspension precludes                
               it from prosecuting this case as to the deficiencies.                  
               R asserts that he bears a burden of production under                   
               sec. 7491(c), I.R.C., as to the additions to tax and                   
               accuracy-related penalties, and that he has met this                   
                    Held:  Pursuant to Rules 60(c) and 123(b), Tax                    
               Court Rules of Practice and Procedure, the Court will                  

Page:   1  2  3  4  5  6  7  8  Next

Last modified: May 25, 2011