United States Tax Court October 24, 2011, Docket Nos. 14385-05, 4782-07. (May v. Comm'r)

lead-opinion

Goeke, Judge:

Respondent determined deficiencies in petitioners’ 1994, 1995, and 1996 joint Federal income taxes of $7,659, $10,389, and $8,771, respectively, as a result of unpaid State and local income taxes deducted on petitioners’ returns. Respondent also determined penalties for fraud under section 66631 for 1994, 1995, and 1996 against Mark May (Mr. May) of $84,957.75, $89,748.