Jose B. & Virna N. Molina v. Commissioner

T.C. Memo. 2013-226

UNITED STATES TAX COURT JOSE B. MOLINA AND VIRNA N. MOLINA, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 20218-11. Filed September 23, 2013. Jose B. Molina and Virna N. Molina, pro sese. Wendy D. Gardner, for respondent. MEMORANDUM FINDINGS OF FACT AND OPINION WELLS, Judge: Respondent determined a deficiency of $155,402 in petitioners’ Federal income tax for their 2007 tax year.1 During trial, respondent 1 Unless otherwise indicated, section references are to the Internal Revenue Code of 1986, as amended (Code) and in effect for the year in issue,…