Robert and Ines M. Gillespie, et al. - Page 1

                                 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.                 

                    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                

               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.                                             

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Last modified: November 10, 2007