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On October 31, 2003, respondent issued petitioner a notice
of deficiency for 2001. Based on information received from
third-party payors, respondent determined petitioner received
interest income of $72 from Wells Fargo and self-employment
income of $132,242 from medical and healthcare payments.2 In
addition to the medical and healthcare payments reflected above,
respondent determined petitioner also received medical and
healthcare payments from the following sources:
Payor Payment(s)
Aetna, Inc. $5,789
Aetna Life Ins. Co. 11,196
Best Life Assurance 1,000
Calfarm Ins. Co. 4,218
Federal Ins. Co. 1,300
Intercare Ins. Services 3,763
Kyocera International, Inc. 4,558
Peoria Unified School 1,975
District
Twin City Fire Ins. Co. 5,404
Total 39,203
After allowing petitioner a standard deduction, a personal
exemption, and an adjustment for self-employment tax, respondent
determined petitioner’s 2001 taxable income was $118,108.
2 These medical and healthcare payments included $1,611
from Metropolitan Life Ins. Co. On brief, respondent conceded
petitioner did not receive medical and healthcare payments from
Metropolitan Life Ins. Co.
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Last modified: November 10, 2007