ACUNCIUS v. COMMISSIONER

Docket No. 3752-00.

83 T.C.M. 1122 (2002)

T.C. Memo. 2002-21

Garry D. Acuncius and Danalene L. Acuncius v. Commissioner.

United States Tax Court.

Filed January 22, 2002.


Attorney(s) appearing for the Case

Lawrence R. Jones, Jr., and Henry J. Lischer, Jr., for the petitioners.1

James F. Prothro, for the respondent.


MEMORANDUM FINDINGS OF FACT AND OPINION

VASQUEZ, Judge:

Respondent determined a $9,290 deficiency and a $1,858 accuracy-related penalty pursuant to section 6662(a) with respect to petitioners' Federal income tax for 1997.2

The issues for decision are: (1) Whether petitioners had income from discharge of indebtedness of $32,000 in 1997;3 and (2) whether petitioners are liable for an accuracy...

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