Bronson v. Department of Revenue

Carlisle B. Roberts, Judge.

Plaintiffs appeal from the Department of Revenue’s Opinion and Order No. I-71-41 which sustained the assessment of additional personal income taxes for the tax years 1966, 1967, 1968 and 1969.

In May 1970, the Internal Revenue Service made an audit report on plaintiffs’ federal income tax returns which concluded that the taxpayers had failed to report the gain from sale of an Arizona partnership interest and that certain minor, adjustments on farm depreciation and partnership income must be made for the 1966 tax year, adding to taxable income. There were additional…