- 2 -
FINDINGS OF FACT
Petitioner and Reginald Bracy (Mr. Bracy) were married in
1999 and resided in Salina, Kansas. Petitioner was employed as a
hairdresser, and Mr. Bracy worked as an equipment specialist for
a food services company. In 2000, petitioner and Mr. Bracy moved
to California. While in California, petitioner and Mr. Bracy
lived together and struggled to find employment. To help pay
living expenses during this period, Mr. Bracy requested a
distribution of $19,300 from his individual retirement account
(IRA). Mr. Bracy was the only individual authorized to draw upon
the account. After receiving the distribution, Mr. Bracy
informed petitioner, but he did not tell her the amount of the
distribution.
In 2001, petitioner and Mr. Bracy moved back to Kansas,
where both found employment. During 2001, petitioner earned
wages of $15,363 from three different employers who withheld
$1,114 of Federal income tax, and Mr. Bracy earned wages of
$18,616 from two employers who withheld $1,748 of Federal income
tax. In addition, Mr. Bracy withdrew $10,800 from an IRA.
Petitioner and Mr. Bracy filed their joint Federal income
tax return relating to 2000 on March 26, 2001. On this return,
they failed to report the $19,300 IRA distribution. Petitioner
and Mr. Bracy’s joint Federal income tax return relating to 2001
was filed on February 15, 2002. Mr. Bracy signed the return, but
Page: Previous 1 2 3 4 5 6 7 8 9 Next
Last modified: November 10, 2007