Alan J. & Susan E. Powers v. Commissioner

T.C. Memo. 2013-134

UNITED STATES TAX COURT ALAN J. POWERS AND SUSAN E. POWERS, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 12634-10. Filed May 29, 2013. Alan J. Powers and Susan E. Powers, pro sese. Heather K. McCluskey for respondent. MEMORANDUM FINDINGS OF FACT AND OPINION LARO, Judge: The instant petition involving petitioners’ 2004, 2005, and 2006 Federal income tax returns seeks redetermination of respondent’s determinations of deficiencies and accuracy-related penalties as follows: -2- [*2] Penalty Year Deficiency sec. 6662 2004 $165,638 $33,127.60 2005 11,917…