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TOBIAS WEISS AND GERTRUDE O. WEISS, PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT
- Article from:
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United States. Tax Court. Reports
- Article date:
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November 1, 2007
- Author:
- Anonymous
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Copyright informationCopyright Superintendent of Documents Nov 1-Dec 31, 2007. Provided by ProQuest LLC. (Hide copyright information)
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Docket No. 3521-07. Filed December 26, 2007.
Held, qualified dividends are properly included in the calculation of alternative minimum tax.
Tobias Weiss, for petitioners.
Frank W. Louis, for respondent.
OPINION
THORNTON, Judge: The sole issue for decision in this case is whether petitioners properly excluded qualified dividends in calculating their 2005 alternative minimum taxable income.
Background
The parties have stipulated all the relevant facts, which we incorporate herein by this reference. When they petitioned the Court, petitioners resided in Connecticut.
On line 9b of their 2005 Form 1040, U.S. Individual Income Tax Return, petitioners reported $24,376 of qualified dividends.1 They ...