- 3 - 1998 (1998 return). In the 1998 return, Ms. Latos and Mr. Anderson claimed four exemptions and a total exemption amount of $22,800 and showed Federal income tax (income tax) due of $6,302. When Ms. Latos and Mr. Anderson filed the 1998 return, they did not pay the income tax due shown in that return. At a time not disclosed by the record, respondent determined that Ms. Latos and Mr. Anderson made a mathematical error in claiming in their 1998 return a total exemption amount for four exemptions of $22,800, instead of $10,800.3 Respondent corrected that mathematical error and the resulting error that Ms. Latos and Mr. Anderson made in computing the amount of income tax due shown in their 1998 return. The correct amount of income tax that Ms. Latos and Mr. Anderson should have shown due in that return is $9,662 (correct amount of 1998 tax due).4 On June 7, 1999, respondent assessed the correct amount of 1998 tax due, additions to tax under sections 6651(a)(2) and 6654 for Ms. Latos’ taxable year 1998, and interest as provided by law. (We shall refer to any such unpaid assessed amounts with respect to Ms. Latos’ taxable year 1998, as well as interest provided by law accrued after June 7, 1999, as Ms. Latos’ unpaid 1998 liability.) 3Each exemption amount for the taxable year 1998 of Ms. Latos and Mr. Anderson was $2,700. 4The correct amount of 1998 tax due does not include any self-employment tax.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 NextLast modified: November 10, 2007