- 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 Next
Last modified: November 10, 2007