- 4 -
II. Settlement Attempt
Respondent issued a notice of deficiency to petitioner on
October 31, 2005, and petitioner timely filed a petition for
redetermination with this Court.
While preparing his case, petitioner gave respondent an
unsigned Form 1040, U.S. Individual Income Tax Return (the
proposed Form 1040) for 2003 and a Schedule A, Itemized
Deductions. On the proposed Form 1040, petitioner reports his
income and dividends consistently with his Form W-2, Wage and Tax
Statement, and Form 1099-DIV, Dividends and Distributions. He
also claims a personal exemption for himself, a dependency
exemption, and itemized deductions of $12,999. Respondent
concedes that petitioner has allowable itemized deductions of
$920.94, which is less than the standard deduction of $4,750 for
2003, and therefore respondent asserts that petitioner is
entitled only to the standard deduction.3
A. Dependency Exemption Deduction for Petitioner’s Daughter
Petitioner and his ex-wife have a daughter, Brandi, who was
born in March 1985. In 1991, petitioner and his ex-wife
divorced.
3 There is a slight discrepancy between the total amount of
deductions that respondent concedes and our calculation, which is
based on respondent’s brief of the total amount of deductions he
concedes, but the discrepancy does not alter our conclusions.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Next
Last modified: November 10, 2007