Estate of Burton W. Kanter, Deceased, Joshua S. Kanter, Executor, and Naomi R. Kanter, et al. - Page 109

                                                 -19-                                                   
            III.  Notices of Deficiency                                                                 
                  Respondent issued notices of deficiency to petitioners as                             
            summarized below:                                                                           
            Burton W. and Naomi R. Kanter                                                               
                                            Additions to Tax                Penalty                     
            Year    Deficiency    Sec. 6653     Sec. 6659       Sec. 6661      Sec. 6662                
            1978   $476,999.00    --    --       --     --                                              
            1979    183,909.37    $9,190.47    --             --              --                        
            1980    454,396.00    22,720.00    --             --              --                        
            1981    340,578.00    17,029.00     $42,682            --          --                       
            1982  2,086,913.00   104,346.00     --         $208,691.00         --                       
            1983  1,150,652.00    57,532.60     --          287,663.00         --                       
            1984  3,825,078.00   191,254.00     --          949,211.00         --                       
            1986    897,224.00    44,861.60     --          223,666.00         --                       
            1987   1,434,529.00    71,726.45       --          358,632.25         --                    
            1988     523,234.00    26,162.00       --          130,809.00         --                    
            1989     835,847.00       --           --             --           $167,169                 
                                                                                                       
            Claude M. and Mary B. Ballard                                                               
                                 Additions to Tax--Secs.               Penalty                          
            Year Deficiency      6651(a)(1)       6653       6659      6661     Sec. 6662               
            1975  $23,453          -- $1,173.00  --        --          --                               
            1976   34,024   --  1,701.00  --        --      --                                          
            1977   11,502   --    --  --        --          --                                          
            1978    3,923   --    --  --        --          --                                          
            1979   21,630   --    --  --        --          --                                          
            1980   92,481   --    --  --        --          --                                          
            1981  193,743           --          9,687.00  $17,138      --      --                       
            1982    55,338          --          2,766.90     --     $8,744.00      --                   
            1984   981,072       1$51,331       88,788.05    --    245,268.00      --                   
            1987  208,449          --           10,442.45    --    52,112.25      --                    
            1988  125,136   --  6,257.00  --        --          --                                      
            1989  179,924   --    --      --        --   $35,985                                        
                  1  Respondent conceded the addition to tax under sec. 6651(a)(1) for                  
            the taxable year 1984.                                                                      















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