- 7 - third floor apartment starting in October 2002 for $500 a month. In addition to paying rent, tenants occupying both of the South Vernon Avenue apartments were required to pay all utilities attributable to their respective units. Petitioners continued to own the South Green Street property after they purchased the South Vernon Avenue property. Petitioners’ daughter, Vernice, occupied the South Green Street property immediately after petitioners moved. Vernice paid petitioners $500 a month rent beginning in September 2002 and was also responsible for paying all utilities with respect to the South Green Street property. Two of Vernice’s minor children-- L.B. and J.B.--lived with her at the South Green Street property.3 These same children were listed as dependents on petitioners’ 2002 Federal income tax return. The South Green Street and the South Vernon Avenue properties are 5.1 miles apart. Petitioners used the services of Mr. Ingram to prepare and file their 2002 return. Petitioners’ 2002 return reflected the following: (1) $196,153 in wages, salaries and tips; (2) $29,916 Schedule E loss; (3) $166,282 adjusted gross income; (4) $73,353 in Schedule A deductions; (5) $16,886 total tax due; (6) $3,670 alternative minimum tax; (7) $40,538 Federal income tax withheld; and (8) $23,652 refund. 3 The Court uses initials when referring to minor children.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 NextLast modified: March 27, 2008