T.C. Memo. 2007-201
UNITED STATES TAX COURT
LAURA K. DAVIS, ET AL.,1 Petitioners v.
COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket Nos. 144-05L, 145-05L, Filed July 24, 2007.
146-05L, 147-05L,
149-05L.
These cases brought pursuant to sec. 6330, I.R.C.,
are before the Court to determine whether Ps must pay
penalties pursuant to sec. 6673(a)(1), I.R.C., for
instituting procedures primarily for delay, etc., and
whether counsel must pay R’s excess counsel fees
pursuant to sec. 6673(a)(2), I.R.C., for unreasonably
and vexatiously multiplying the proceedings.
1. Held: P husband penalized pursuant to sec.
6673(a)(1), I.R.C., for instituting and maintaining
proceedings primarily for delay, making frivolous
arguments and taking groundless positions, and
1 Cases of the following petitioners are consolidated
herewith: JLD Asset Management Co., a.k.a. JLD Asset Management
Trust, Jeffrey Davis, Trustee, docket No. 145-05L; Jeffrey W.
Davis, docket No. 146-05L; Jeffrey W. Davis, docket No. 147-05L;
and Laura K. Davis, docket No. 149-05L.
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Last modified: November 10, 2007