Freed v. Comm'r

JANE FREED, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Freed v. Comm'r

No. 11387-01

United States Tax Court

T.C. Memo 2004-215; 2004 Tax Ct. Memo LEXIS 223; 88 T.C.M. (CCH) 288;

September 23, 2004, Filed

Decision was entered for respondent.

William F. Rigsby, for petitioner.

Ronald T. Jordan, for respondent.

Kroupa, Diane L.

Kroupa

MEMORANDUM FINDINGS OF FACT AND OPINION

KROUPA, Judge: Respondent determined a deficiency in petitioner's Federal income tax for the taxable year 1996 of $64,213 and an accuracy-related penalty under section 6662(a)1 of $409. After concessions, 2 the sole issue…