VAN GRAAFEILAND, Senior Circuit Judge.
Appellants Mark and Tamara Sunik appeal from the decision of the United States Tax Court (Wells, J.) holding that they owe $70,783.00 in federal income tax from 1995 and assessing in addition a penalty of $14,157.00. For the reasons set forth below, we affirm.
Background
The facts of this case have been stipulated to by the parties and are not at issue.
On their 1995 federal income tax...
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