William M. Barry & Trudi G. Swain v. Commissioner

T.C. Memo. 2017-237

UNITED STATES TAX COURT WILLIAM M. BARRY AND TRUDI G. SWAIN, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 783-16. Filed November 28, 2017. Arnold van Dyk and Darin C. James, for petitioners. Paul W. Isherwood, for respondent. MEMORANDUM OPINION THORNTON, Judge: Respondent determined a $5,003 deficiency in petitioners’ 2013 Federal income tax and a section 6662(a) accuracy-related penalty of $1,001.1 The issue for decision is whether petitioners are entitled to 1 All section references are to the Internal Revenue Code (Code) in effect for the year…