Taxpayer |
Penalties on penalty approval form | Penalties in notice of deficiency |
---|---|---|
Kevin Sells | No form | None |
Charlie Williams | No form | 6662(b)(1), (2), & (3) |
Steve Moses | Yes for 6662(b)(2) & (h) | Penalty asserted under 6662(b)(1), (2), & (3) only for tax years 2005 and 2007 |
Butch Welch | No form | 6651(a)18 and 6662(b)(1), (2), & (3) |
Jay Pumroy | Yes, for sec. 6662(b)(1), (2), & (h) | 6662(b)(1), (2), & (3) |
John Davis | No form | 6662(b)(1), (2), & (3) |
[*31] Lori James | No form | 6662(b)(1), (2), & (3) |
Stephen Whatley | No form | 6662(b)(1), (2), & (3) |
Taxpayer |
Penalty At Issue |
---|---|
Kevin Sells | Section 6662(b)(1) Section 6662(b)(2) Section 6662(b)(3) Section 6662(h) |
Charlie Williams | Section 6662(b)(1) Section 6662(b)(2) Section 6662(b)(3) Section 6662(h) |
Steve Moses | Section 6662(b)(1) Section 6662(b)(2)20 Section 6662(b)(3) Section 6662(h) |
Butch Welch | Section 6662(b)(1) Section 6662(b)(2) Section 6662(b)(3) Section 6662(h) |
Jay Pumroy | Section 6662(b)(1) Section 6662(b)(2) Section 6662(b)(3) Section 6662(h) |
John Davis | Section 6662(b)(1) Section 6662(b)(2) Section 6662(b)(3) Section 6662(h) |
[*31] Lori James | Section 6662(b)(1)Section 6662(b)(2) Section 6662(b)(3) Section 6662(h) |
Stephen Whatley | Section 6662(b)(1) Section 6662(b)(2) Section 6662(b)(3) Section 6662(h). |
Party | Best use before | Best use after | FMV before | FMV After | FMV of easement |
---|---|---|---|---|---|
Petitioners (on return) | 214 single-family homes | Hold for speculation | $5,845,000 | $450,000 | $5,395,000 |
Petitioners (at trial) | 218 residential lots | Hold for speculation | 3,250,000 | 235,000 | 3,015,000 |
Comm'r | Hold for speculation | Hold for speculation | 1,280,000 | 350,000 | 930,000 |
Sale | Price per acre |
---|---|
1 | $25,226 |
2 | 12,177 |
3 | 11,000 |
4 | 11,086 |
5 | 10,500 |
Sale | Price per acre |
---|---|
1 | $25,226 |
2 | 12,177 |
3 | 11,000 |
4 | 11,086 |
5 | 10,500 |
Sale | Price per acre | Total Adjustment |
---|---|---|
1 | $25,000 | -0- |
2 | 11,266 | ($734) |
3 | 9,095 | (1,905) |
4 | 11,000 | -0- |
5 | 10,500 | -0- |
Before best use value | $2,600,000 |
After best use value | 350,000 |
Deconstructed Home Deduction Denied
Easement Deduction Denied Due To Deed Defect