KIKALOS v. C.I.R.

No. 04-2981.

434 F.3d 977 (2006)

Nick KIKALOS and Helen Kikalos, Petitioners-Appellants, v. COMMISSIONER OF INTERNAL REVENUE, Respondent-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided January 19, 2006.


Attorney(s) appearing for the Case

John J. Morrison (argued), Chicago, IL, for Petitioners-Appellants.

Robert J. Branman (argued), Department of Justice Tax Division, Appellate Section, Washington, DC, for Respondent-Appellee.

Before MANION, ROVNER and SYKES, Circuit Judges.


ILANA DIAMOND ROVNER, Circuit Judge.

The Internal Revenue Service audited the 1997 tax return of Nick and Helen Kikalos and found that they underreported their income and thus owed more tax than they had paid. The IRS also assessed an accuracy-related penalty against the pair in the amount equal to twenty percent of the underpayment. The couple petitioned the United States Tax Court for a redetermination of the deficiency...

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