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61. T.C. Summary Opinion 2003-161 — Martin Edward Caulfield v. Commissioner
    IRCCourt RulingsNov 7, 2003
    … of the distributions into another IRA. and the taxable portion of the $14,000 distribution was $13,893.88. Thus, the taxable portion of both distributions totaled $26,283.52. Federal income taxes of $2,477.52 were withheld from the $12,500 distribution, and no Federal taxes were withheld from the $14,000 distribution.…
62. T.C. Memo. 2003-223 — Richard Wos v. Commissioner
    IRCCourt RulingsJul 29, 2003
    …6651(a)(1) 1 Sec. 6651(a)(2) Sec. 6654(a) 1996 $62,718 $13,661.55 $3,946.67 $3,164.00 1997 42,929 3,893.63 2,941.85 2,296.75 The issues remaining for decision are: 2 (1) Is the net profit for each of the years at issue from petitioner’s washing machine repair business subject to tax? We hold that it is. (2) Is the pens…
63. T.C. Memo. 2015-244 — Jeremiah J. O'Connor & Mary K. O'Connor v. Commissioner
    IRCCourt RulingsDec 16, 2015
    …t." Neonatology Assocs., P.A. v. Commissioner, 299 F.3d at 234; Pasternak v. Commissioner, 990 F.2d 893, 903 (6th Cir. 1993), af[g Donahue v. Commissioner, T.C. Memo. 1991-181. "[T]he taxpayer's education, sophistication and business experience will be relevant in determining whether the taxpayer's reliance on tax advi…
64. T.C. Summary Opinion 2015-48 — Joshua W. Pingel v. Commissioner
    IRCCourt RulingsAug 10, 2015
    …es for trial, he responded in the affirmative. - 13 - Commissioner, 91 T.C. 686, 694 (1988), aff'd, 893 F.2d 656 (4th Cir. 1990); Hulter v. Commissioner, 91 T.C. 371, 393 (1988). The standard to decide whether a taxpayer is carrying on a trade or business so that his expenses are deductible under section 162 is to exam…
65. T.C. Memo. 2003-32 — Howard E. Clendenen v. Commissioner
    IRCCourt RulingsFeb 12, 2003
    …Adams v. Commissioner , 85 T.C. 359, 375 (1985); Korangy v. Commissioner , T.C. Memo. 1989-2, affd. 893 F.2d 69 (4th Cir. 1990). stipulations to be bound are dispositive of all issues concerning the qualified status of the plan. Respondent contends that the parties “effectively agreed that the party that prevailed with
66. T.C. Memo. 2010-115 — Ronald D. & Lorie A. Jelling v. Commissioner
    IRCCourt RulingsMay 27, 2010
    …le from the circumstances here . See Anionides v . Commissioner , 91 T .C . 686, 703 (1988), affd . 893 F .2d 656 (4th Cir . 1990) . In reaching our decision, we have considered all arguments made by the parties . To the extent .not mentioned or addressed, they are irrelevant or without merit . - 6 1
67. T.C. Memo. 2010-39 — Thomas & Carol Rosato v. Commissioner
    IRCCourt RulingsFeb 25, 2010
    …y for their erroneous position . See Antonides v . Commissioner , 91 T .C . 686, 703 (1988), affd . 893 F .2d 656 .(4th Cir . 1990) . The accuracy-related penalty under section`6662(a) will not be imposed with respect to any portion of the underpayment as to which the taxpayer acted with reasonable cause and in good fa…
68. T.C. Memo. 1996-189 — Marcus Wayne & Judith Caroline Ramsey v. Commissioner
    IRCCourt RulingsApr 18, 1996
    …o those supporting a contrary position. A ntonides v. Commissioner , 91 T.C. 686, 702 (1988), affd. 893 F.2d 656 (4th Cir. 1990). Peti t ioners have the burden of proving that respondent’s determination of the accuracy- related penalty is in error. Rule 142(a). Petitioners have failed to provide any evidence to show th…