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as owing for taxable year 1999 arose from the 10-percent
additional tax imposed by section 72(t) on early distributions
from qualified retirement plans, which was imposed on a $38,261
distribution Mr. Barrera received from his IRA.5 The $2,905 tax
liability (plus additions to tax and interest) for taxable year
1999 has not been paid and is still outstanding.
On August 6, 2001, petitioner and Mr. Barrera timely filed
(under extension) their joint return for taxable year 2000. The
2000 joint return reported adjusted gross income of $24,446,
“total tax” of $3,712, “total payments” of “0”, and a balance due
of $3,712 on the line stating “amount you owe”. The entire
$3,712 tax balance reported as owing for taxable year 2000 arose
from the 10-percent additional tax under section 72(t) imposed on
IRA distributions totaling $37,119, which included the $20,000
distribution from petitioner’s IRA.6 The $3,712 tax liability
(plus additions to tax and interest) for taxable year 2000 has
not been paid and is still outstanding.
During petitioner’s marriage to Mr. Barrera, Mr. Barrera was
responsible for the preparation of the Federal income tax
5 Petitioner, in her individual capacity, received
interest income of $79 in taxable year 1999, but no part of the
$2,905 balance reported as owing on the 1999 joint return was
attributable to petitioner’s interest income.
6 Petitioner, in her individual capacity, received
interest income of $19 in taxable year 2000, but no part of the
$3,712 tax balance reported as owing on the 2000 joint return was
attributable to petitioner’s interest income.
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Last modified: November 10, 2007