T.C. Memo. 2007-202 UNITED STATES TAX COURT ROBERT AND INES M. GILLESPIE, ET AL.,1 Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket Nos. 3405-05L, 3489-05L, Filed July 24, 2007. 3490-05L. 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: Ps 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 unreasonably failing to pursue available administrative remedies. 1 Cases of the following petitioners are consolidated herewith: Robert E. Gillespie Asset Management Trust, Robert E. Gillespie, Trustee, docket No. 3489-05L; and Robert E. & Ines M. Gillespie, docket No. 3490-05L.Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 NextLast modified: November 10, 2007