Christine Kenton & Greg Braden (2006)

T.C. Memo. 2006-13

UNITED STATES TAX COURT CHRISTINE KENTON & GREG BRADEN, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 5535-04. Filed January 31, 2006.

Edward T. Perry, for petitioners. Catherine G. Chang, for respondent.

MEMORANDUM FINDINGS OF FACT AND OPINION SWIFT, Judge: Respondent determined a deficiency in petitioners' 2001 Federal income tax and a penalty as follows:

Deficiency Sec. 6662(a) Penalty $32,804 $6,561

Unless otherwise indicated, all section references are to the Internal Revenue Code in effect for the year in issue, and all Rule references are to the Tax Court Rules of Practice and Procedure. All references to petitioner in the s...

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