- 2 -
Respondent determined deficiencies of $2,772 for 2002 and
$4,499 for 2003, and an accuracy-related penalty under section
6662(a) of $899.80 for 2003. After concessions by the parties,2
the issues for decision are: (1) Whether petitioners are
entitled to deduct $1,790 and $9,040 in cash charitable
contributions on their 2002 and 2003 returns, respectively;3 (2)
whether petitioners are entitled to deduct a $500 noncash
charitable contribution on each of their 2002 and 2003 returns;
and (3) whether petitioners are liable for the section 6662(a)
accuracy-related penalty for 2003.
Some facts have been stipulated and are so found. The
stipulation of facts and the attached exhibits are incorporated
by this reference. When the petition was filed, petitioners
resided in Coatesville, Pennsylvania.
2 Respondent disallowed deductions for student loan interest
in 2002 and 2003 but has since conceded those deductions.
Respondent disallowed an education credit of $1,500 for 2002 and
$1,164 for 2003. Petitioners stipulated that they did not have
any qualified higher education expenses in 2002 or 2003.
Respondent determined unreported pension or annuity income of
$2,015 for 2003 but was unable to verify these amounts from the
third parties and conceded that issue.
3 Respondent originally disallowed petitioner’s entire
deductions for cash charitable contributions of $7,100 in 2002
and $15,000 for 2003, but respondent and Sharon Hardin have
stipulated that Ms. Hardin made $5,310 and $5,960 in charitable
contributions to Hutchinson Memorial U.A.M.E. Church in 2002 and
2003, respectively.
Page: Previous 1 2 3 4 5 6 7 8 9 Next
Last modified: May 25, 2011