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1983, through May 7, 2003, the Ordlocks made numerous payments,
and respondent applied an overpayment credit to their 1982 tax
liability. The payments and credits totaled $142,882.67.
B. 1983
The Ordlocks received an extension of time until August 15,
1984, to file their 1983 return. On June 6, 1984, the Ordlocks
filed their 1983 return reporting $105,571 of Federal income tax
owed. The Form 4340 for the Ordlocks’ 1983 taxable year shows
their adjusted gross income was $544,739 and taxable income was
$400,852. From April 15, 1984, through May 5, 1998, the Ordlocks
made numerous payments, and respondent applied overpayment
credits to the Ordlocks’ 1983 tax liability. The payments and
credits totaled $293,626.95.
C. 1984
The Ordlocks received an extension of time to file their
1984 tax return until August 15, 1985. The Ordlocks reported
$92,787 of Federal tax income owed for 1984 on their return,
which was filed May 5, 1985. The Form 4340 for the Ordlocks’
1984 taxable year shows their adjusted gross income was $489,194
and taxable income was $436,822. From April 15, 1985, through
May 9, 2002, the Ordlocks made payments and respondent applied
overpayment credits to their 1984 tax liability. The payments
and credits totaled $95,645.31.
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