Brian D. Ray & Betsy Ray v. Commissioner

T.C. Memo. 2018-160

UNITED STATES TAX COURT BRIAN D. RAY AND BETSY RAY, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 25455-15. Filed September 20, 2018. James C. Pennington, for petitioners. Sheila R. Pattison and Roberta L. Shumway, for respondent. MEMORANDUM FINDINGS OF FACT AND OPINION NEGA, Judge: Respondent determined deficiencies in and additions to tax under section 6651(a)(1)1 and accuracy-related penalties under section 6662(a) on petitioners’ Federal income tax, as follows: 1 Unless otherwise indicated, all section references are to the Internal Revenue Code…