NT, Inc. v. Comm'r
United States Tax Court
On Feb. 14, 2005, P, a corporation, petitioned the Court to redetermine R's determination of Federal income tax deficiencies, additions to tax under sec. 6651(a)(1), I.R.C., and accuracy-related penalties under sec. 6662(a), I.R.C. Shortly thereafter, the State in which P was organized suspended P's corporate powers, rights, and privileges for failing to pay State income tax.
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On Feb. 14, 2005, P, a corporation, petitioned the Court to redetermine R's determination of Federal income tax deficiencies, additions to tax under sec. 6651(a)(1), I.R.C., and accuracy-related penalties under sec. 6662(a), I.R.C. Shortly thereafter, the State in which P was organized suspended P's corporate powers, rights, and privileges for failing to pay State income tax. R moves the Court to dismiss this case for lack of prosecution to the extent that it relates to deficiencies and to find without trial that P is liable for the additions to tax and accuracy-related penalties as…
1Opinion of the Court
OPINION
Laro, Judge:
On February 14, 2005, petitioner petitioned the Court to redetermine respondent’s determination of deficiencies of $68,990 and $46,465.20 in its Federal income taxes for its taxable years ended October 31, 1998 and 1999, respectively, additions to tax under section 6651(a)(1) of $10,285.55 and $11,548.25, respectively, and accuracy-related penalties under section 6662(a) of $13,798 and $9,293.04, respectively.1 Respondent now moves the Court to dismiss this case to the extent it relates to deficiencies and to find without trial that petitioner is liable for the additions to…
2Cases cited8 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Dorl v. CommissionerUnited States Tax Court · 1972
- United States v. 2.61 Acres of LandCourt of Appeals for the Ninth Circuit · 1985
- Reed v. NormanCalifornia Supreme Court · 1957
- Main-Hammond Land Trust v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1952
3 more not listed; retrieve them via the Exa API.
3Cited by33 opinions
- Gerdau MacSteel, Inc. & Affiliated Subsidiaries v. CommissionerUnited States Tax Court · 2012
- Our Country Home Enters. v. Comm'rUnited States Tax Court · 2015
- Meruelo v. Comm'rUnited States Tax Court · 2009
- Ringo v. CommissionerUnited States Tax Court · 2014
- Key Carpets v. Comm'rUnited States Tax Court · 2016
28 more not listed; retrieve them via the Exa API.