NELSON v. COMMISSIONER

Nos. 2603-06, 2604-06, 2605-06.

130 T.C. 70 (2008)

Jon W. and Kristi NELSON, et al., Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent.

United States Tax Court.

February 28, 2008.


Attorney(s) appearing for the Case

Jon J. Jensen, for petitioners.

Blaine Holiday, for respondent.


OPINION

SWIFT, Judge:

Respondent determined deficiencies in petitioners' 2001 Federal income taxes and penalties, as follows:

                                                              Penalty
   Petitioners            Deficiency    sec. 6662(b)(1)

  Jon W. and Kristi Nelson               $23,707                   $4,741

  Steven P. and Jaime Nelson              31,197                    6,239

...

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