James A. Powers & Jennifer M. Scherer v. Commissioner

T.C. Memo. 2017-179

UNITED STATES TAX COURT JAMES A. POWERS AND JENNIFER M. SCHERER, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 12693-13. Filed September 14, 2017. Thomas Laffitte Howard, for petitioners. William J. Gregg and Deborah Aloof, for respondent. MEMORANDUM FINDINGS OF FACT AND OPINION RUWE, Judge: Respondent determined deficiencies in petitioners’ Federal income tax, an addition to tax under section 6651(a)(1),1 and accuracy-related penalties under section 6662(a) as follows: 1 Unless otherwise indicated, all section references are to the Internal Revenue…