TAX COURT OPINION

Case: Salvatore Frank Sarcone
Docket Number: 17008-15S
Judge: Halpern
Opinion Type: bench
Filed: 10/24/2016
Pages: 3

UNITED STATES TAX COURT WASHINGTON, DC 20217 SALVATORE FRANK SARCONE, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent ) ) ) ) ) Docket No. 17008-15S. ) ) ) ) ) ORDER Pursuant to Rule 152(b), Tax Court Rules of Practice and Procedure, it is ORDERED that the Clerk of the Court shall transmit herewith to petitioner and to respondent a copy of the pages of the transcript of the trial in the above case before Judge James S. Halpern at Baltimore, Maryland, containing his oral findings of fact and opinion rendered at the trial session at which the case was heard. In accordance with the oral findings of fact and opinion, decision will be entered for respondent. Dated: Washington, D.C. October 24, 2016 (Signed) James S. Halpern Judge SERVED OCT 2 8 2016 Capital Reporting Company 3 Bench Opinion By Judge James S. Halpern September 21, 2016 Salvatore Frank Sarcone v. Commissioner Docket No. 17008-15S THE COURT: The Court has decided to render oral findings of fact and opinion in this case, and the following represents the Court's oral findings of fact and opinion. The oral findings of fact and opinion shall not be relied upon as precedent in any other case. This bench opinion is made pursuant to the authority granted by 7459(b) of the Internal Revenue Code of 1986, as amended, and Rule 152 of the Tax Court Rules of Practice and Procedure. By Notice of Deficiency dated March 30th, 2015, Respondent determined deficiencies in tax with respect to Petitioner's tax year 2012 of $5,325, a substantial tax understatement penalty of $1,065 and a failure to file penalty of $684. In the deficiency in tax the substantial tax understatement have been. agreed to by the Petitioner and all that's left is the failure to file penalty. Respondent has carried his burden of production with respect to that penalty and Petitioner has introduced no defense. So the Court sustains not only the agreed to deficiency and understatement of tax penalty, but also the failure 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 866.488.DEPO twww.CapitalReportingCompany.com Capital Reporting Company 4 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 to file penalty of $684. MR. INDEK: Your Honor, I believe that Respondent actually has conced the accuracy penalty, the substantial understatement penalty. THE COURT: I stand corrected. Petitioner, correct me again if I'm wrong, Petitioner has conceded the increased in tax deficiency of 5325. Respondent has conceded the understatement penalty of $1,065. And Respondent has carried his burden of production on the failure to file penalty and petitioner has shown no defense. MR. INDEK: Correct, Your Honor. THE COURT: Okay, so we'll enter a decision in the amount of the deficiency and the amount of the failure to file penalty. MR. INDEK: Thank you, Your Honor. THE COURT: Okay. That concludes the 18 Court's oral findings of fact and opinion in this case. Thank you. MR. INDEK: Thank you. (Whereupon, at 10:50 a.m. the above- entitled matter was concluded.) 19 20 23 24 25 866.488.DEPO twww.CapitalReportingCompany.com