KNELMAN v. COMMISSIONER

Docket No. 8397-99.

80 T.C.M. 280 (2000)

T.C. Memo. 2000-268

Barry and Penny Knelman v. Commissioner.

United States Tax Court.

Filed August 24, 2000.


Attorney(s) appearing for the Case

Barry and Penny Knelman, pro sese. Erica Y. Wu, for the respondent.


MEMORANDUM FINDINGS OF FACT AND OPINION

VASQUEZ, Judge:

Respondent determined a deficiency of $11,790 and an accuracy-related penalty of $2,358 on petitioners' 1994 Federal income tax. After concessions,1 the issues for decision are:

(1) Whether petitioners failed to report $14,555 of Schedule C, Profit or Loss From Business, income for the 1994 tax year;

(2) whether petitioners are entitled to deduct $2,035 for...

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