- 2 - is not reviewable by any other court, and this opinion should not be cited as authority. Respondent determined a deficiency in, and an accuracy- related penalty under section 6662(a) on, petitioners’ Federal income tax for 2002 in the amounts of $2,355 and $244.60, respectively. After concessions by the parties,2 the issue for decision by the Court is whether petitioners underreported on their income tax return for 2002 tips received by petitioner Otis L. Pimpleton during that year. Whether petitioners are entitled to the additional child tax credit as claimed on their return is purely a mechanical matter. Background Some of the facts have been stipulated, and they are so found. At the time that the petition was filed, Otis L. Pimpleton (petitioner) and Tabitha Pimpleton (collectively, petitioners) resided in Las Vegas, Nevada. 2 Petitioners concede that petitioner Tabitha Pimpleton received unemployment compensation during 2002 in the amount of $3,867, which was not reported on their income tax return for that year. Respondent concedes that $580 of Federal income tax was withheld from such unemployment compensation, which tax was not claimed by petitioners on their return. Respondent also concedes, for technical reasons, that petitioners are not liable for the accuracy-related penalty under sec. 6662(a).Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Next
Last modified: May 25, 2011