[Download] "Lambrix v. Singletary" by Eleventh Circuit U.S. Court of Appeals ~ eBook PDF Kindle ePub Free
eBook details
- Title: Lambrix v. Singletary
- Author : Eleventh Circuit U.S. Court of Appeals
- Release Date : January 03, 1996
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 60 KB
Description
The United States Tax Court disallowed certain deductions taken by the taxpayer, John C. Coggin, III, on his 1980, 1981 and 1982 federal income tax returns. The Tax Court assessed deficiencies in the amount of $128,941.30; and additions to tax, pursuant to I.R.C. çç 6653 (Additions to Tax for Negligence and Fraud) & 6661 (Additions to Tax for Substantial Understatement of Liability), in the amount of $15,144.05, plus 50% of the interest due on the deficiencies for the 1981 and 1982 tax years. Coggin appealed the Tax Court decision, asserting two alternative grounds for reversal: (1) the three-year statute of limitations barred assessment and collection of the alleged deficiencies; and (2) the Tax Court erred in disallowing his claimed deductions and in assessing penalties and additions to tax.