- 2 - Respondent determined a deficiency of $6,225 and an accuracy-related penalty of $1,245 under section 6662(a) for 2002. After concessions by petitioner,2 the issues for decision are whether petitioner is: (1) Entitled to claim a $2,606 deduction for cash charitable contributions; (2) entitled to claim a $1,500 education credit; and (3) liable for the section 6662(a) accuracy-related penalty. There are no written stipulations. The parties orally stipulate some exhibits, and those exhibits are incorporated herein by this reference. Petitioner timely electronically filed a 2002 tax return. On January 25, 2005, respondent mailed a statutory notice of deficiency to petitioner with respect to the taxable year 2002. 2 Petitioner does not contest the following determinations by respondent: (1) That petitioner is not entitled to claim unreimbursed medical and dental expenses on Schedule A, Itemized Deductions, of $6,232, before application of the 7.5-percent adjusted gross income limit; (2) that petitioner is not entitled to claim Schedule A education expenses of $3,532, before application of the 2-percent adjusted gross income limit; (3) that petitioner did not engage in a business or receive self- employment income of $3,187; (4) that petitioner is not entitled to claim meals and entertainment expenses on Schedule C, Profit or Loss From Business, of $788, before application of the 50- percent reduction; (5) that petitioner is not entitled to claim Schedule C car or truck expenses of $8,592; (6) that petitioner is not entitled to claim Schedule C insurance (other than health) of $2,354; (7) that petitioner is not entitled to claim Schedule C travel expenses of $1,354; (8) that petitioner is not entitled to claim Schedule C utilities expenses of $3,142; and (9) that petitioner is not entitled to claim Schedule C other expenses of $2,165.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 Next
Last modified: May 25, 2011