Gary and Cynthia Stein - Page 6

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          4.  Taxable Year 2000                                                       
               For the taxable year 2000, petitioners failed to pay their             
          tax liability by the filing due date.  Petitioners were liable              
          for a failure to pay addition to tax pursuant to section                    
          6651(a)(2), a failure to pay estimated tax addition to tax                  
          pursuant to section 6654(a), and interest for the taxable year              
          2000.  Petitioners’ 2000 tax liability was ultimately paid on May           
          14, 2004.                                                                   
          5.  Taxable Year 2001                                                       
               For the taxable year 2001, petitioners failed to timely file           
          and pay their estimated tax liability.  Accordingly, petitioners            
          were assessed an addition to tax pursuant to section 6651(a)(1),            
          a failure to pay addition to tax pursuant to section 6651(a)(2),            
          a failure to pay estimated addition to tax pursuant to section              
          6654(a), two dishonored check penalties, and interest.                      
               In summary, petitioners did not comply with the provisions             
          of the Internal Revenue Code pertaining to the filing of returns            
          and paying of Federal income taxes for 1997, 1998, 1999, 2000,              
          and 2001 as required by the OIC.                                            
          Change of Residential Address                                               
               Petitioners moved from Lynwood, New Jersey, to Egg Harbor              
          City, New Jersey, in May 2000.  Petitioners’ address was changed            
          in respondent’s records to Egg Harbor City, New Jersey, sometime            
          in the first week of April 2001.                                            






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