TAX COURT OPINION

Case: Shameik Patrick Webb
Docket Number: 28165-13
Judge: Panuthos
Opinion Type: bench
Filed: 10/16/2014
Pages: 4

RMM UNITED STATES TAX COURT WASHINGTON, DC 20217 SHAMEIK PATRICK WEBB, Petitioner(s), v. COMMISSIONER OF INTERNAL REVENUE, Respondent ) ) ) ) ) Docket No. ) ) ) ) ) 28165-13. ORD E R 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 Chief Special Trial Judge Peter J. Panuthos at New York, New York, on September 11, 2014, 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 under Rule 155. (Signed) Peter J. Panuthos Special Trial Judge Dated: Washington, D.C. October 16, 2014 SERVED Oct 16 2014 Capital Reporting Company 3 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 Bench Opinion by Judge Peter J. Panuthos September 11, 2014 Shameik Patrick Webb v. Commissioner Docket No. 28165-13 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 in section 7459(b) of the Internal Revenue Code of 1986, as amended, and Rule 152 of the Tax Court Rules of Practice and Procedure. Section references contained in this bench opinion are to sections of the Internal Revenue Code of 1986, as amended, in effect for 2011, and all Rule references are to the Tax Court Rules of Practice and Procedure. By notice of deficiency dated November 12, 2013, respondent determined a deficiency in petitioner's Federal income tax for taxable year 2011 in the amount of $4,681. Respondent determined in the notice of deficiency that petitiöner omitted income as follows: (1)wage income of $12,030; (2)cancellation of debt income of $2,279; 866.488.DEPO www.Capita1ReportingCompany.com Capital Reporting Company 4 1 2 3 4 5 6 7 8 9 10 11 12 (3)retirement income from a qualified plan of $936; (4)interest income of $50; and (5)dividend income of $44. Respondent also determined that petitioner was liable for a 10% early withdrawal penalty of $94 on the retirement income and made a computational adjustment to the child tax credit. At trial, petitioner admitted and conceded that he had received the additional wage income of $12,030. At trial, respondent conceded: (1)the cancellation of debt income of $2,279; (2)the retirement income of $936; (3)the interest income of $50; (4)the dividend income of $44; and (5)the.early 13 withdrawal penalty of $94. There are no remaining issues in dispute. The Court will enter a decision in this case pursuant to Rule 155 in accordance with the concessions by the parties enumerated herein. To reflect the foregoing, Decision will be entered·under Rule 155. This concludes the Court's oral findings of fact and opinion in this case. (Whereupon, at 9:35 a.m., the above- entitled matter was concluded.) 14 15 16 17 18 19 20 21 22 23 24 25 866.488.DEPO www.Capita1ReportingCompany.com Capital Reporting Company 5 CERTIFICATE OF TRANSCRIBER AND PROOFREADER CASE NAME: Shameik Patrick Webb v. Commissioner DOCKET NO.: 28165-13 We the undersigned, do hereby certify that the foregoing pages, numbers 1 through 5, inclusive, are the true, accurate and complete transcript prepared from the verbal recording made by electronic recording by Mike McCann, on September 11, 2014, before the United States Tax Court at its session in New York, New York, in accordance with the applicable provisions of the current verbatim reporting contract of the Court, and have verified the accuracy of the transcript by comparing the typewritten transcript against the verbal recording. Wendy C. Cutting 9-22-14 (Transcriber) (Date) William Vargas 9-22-2014 (Proofreader) (Date) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 16 17 18 19 20 21 22 23 24 25 866.488.DEPO www.CapitalReportingCompany.com