*48 As part of PLC's IPO petitioner sold 19 million PLC shares through Boulder for approximately 2014 Tax Ct. Memo LEXIS 44">*49 $48 million and transferred the proceeds into various bank and investment accounts in Switzerland and the Isle of Jersey. In July 2005 petitioner sold another 23 million PLC shares through Boulder for approximately $49 million and again transferred the proceeds into various bank and investment accounts in Switzerland and the Isle of Jersey. Boulder had no basis in any of these PLC shares.

Following PLC's IPO petitioner was retained as a consultant for PLC and was paid $150,000 in both 2004 and 2005.⁴ PLC ceased operations in mid-2006.

On June 1, 2006, petitioner and several other individuals were indicted on a number of counts related to BetOnSports' sportsbooking activities. As part of the third superseding (and final) indictment, ⁵ the Government alleged: 1 count of Racketeer Influenced and Corrupt Organizations (RICO) conspiracy, 4 counts of mail fraud, 10 counts of use of wire communication to transmit bets, 1 count of *49 interstate transportation of gambling paraphernalia, 1 count of conspiracy to violate the Wire Wager Act, 1 count of RICO forfeiture, and 1 count of non-RICO forfeiture. For 2014 Tax Ct. Memo LEXIS 44">*50 these offenses, the Government sought a sentence of 75 to 100 years of imprisonment and criminal forfeiture of $180 million, including but not limited to petitioner's interests in Boulder, PLC, and other sportsbooking entities; several trusts; a number of Swiss bank accounts; a helicopter; a beach house, and a farm. The Government also sought and obtained freezes on petitioner's overseas trusts in the Isle of Jersey and bank accounts in Switzerland. ^{62014 Tax Ct. Memo LEXIS 44">*51}

Steven Muchnick, an Assistant U.S. Attorney (AUSA) for the Eastern District of Missouri, worked extensively on petitioner's criminal case, along with AUSA Michael Fagan and U.S. Department of Justice (DOJ) attorney Marty Woelfle. In or around 2008 AUSA Fagan and DOJ attorney Woelfle withdrew from the case and were replaced by AUSA Steven Holtshouser and Special AUSA Charles Birmingham. Joseph Ludewig and Travis Ardury, special agents from the *50 Internal Revenue Service (IRS) Criminal Investigations Division, also assisted in the investigation.

On March 27, 2007, petitioner was arrested and taken into custody in the Dominican Republic and rendered to the United States. Throughout his criminal case, petitioner was represented by a team of lawyers led by defense counsel Chris Flood.

In spring 2009 the Government and petitioner began to engage in substantial plea negotiations. At around this time several of petitioner's codefendants had pleaded guilty, the Isle of Jersey courts had lifted the freeze on petitioner's Isle of Jersey accounts, and 2014 Tax Ct. Memo LEXIS 44">*52 petitioner was petitioning Switzerland to lift the freeze on his accounts in Switzerland as well. Each party designated one attorney to participate in the plea negotiations—AUSA Holtshouser for the Government and Mr. Flood for the defendants. AUSA Holtshouer, however, kept AUSA Muchnick informed about the plea negotiations, which focused primarily on two discussion points—prison time and forfeiture amount. AUSA Muchnick was heavily involved in the drafting of petitioner's plea agreement.

*51 On August 14, 2009, petitioner entered into a plea agreement with the Government.⁷ Petitioner's plea agreement provided that in exchange for petitioner's guilty plea to one count of RICO conspiracy, one count of use of wire communication to transmit bets, one count of conspiracy to violate the Wire Wager Act, one count of RICO forfeiture, and one count of non-RICO forfeiture, the Government would dismiss all remaining charges. As part of the agreement, petitioner would forfeit $43,650,000 to the United States and his term of imprisonment would be limited to 41 to 51 months, with credit for time served, regardless of his criminal history category. The Government also agreed that it would request the 2014 Tax Ct. Memo LEXIS 44">*53 Swiss Central Authority to lift the freeze on any remaining bank accounts that were frozen at its request, that it would move to withdraw a related motion for contempt sanctions, and that it would remove the lis pendens on the Florida residence of petitioner's parents. Finally, the parties agreed that because of the large forfeiture amount, no fines would be imposed upon petitioner and he would not be required to pay restitution.⁸

*52 The relevant provisions of petitioner's plea agreement are set forth below.

Section 1 of the plea agreement, entitled "The Parties", provides:

The parties to the agreements, recommendations and stipulations contained herein are the defendant Gary Kaplan * * * and the Office of the United States Attorney for the Eastern District of Missouri (hereinafter "the government"). Except where expressly stated otherwise herein, this document and the agreements, recommendations and stipulations contained herein 2014 Tax Ct. Memo LEXIS 44">*54 do not, and are not intended to, bind any governmental office or agency other than the United States Attorney for the Eastern District of Missouri.

Section 2.E, entitled "Civil or Administrative Actions not Barred, Effect on Other Governmental Agencies", further provides that

[t]he defendant has discussed with defense counsel and understands that nothing contained in this document is meant to limit the rights and authority of the United States of America to take any civil, civil tax or administrative action against the defendant * * * except that the United States shall not seek civil forfeiture in connection with this case or any asset constituting or derived from the receipt 2014 Tax Ct. Memo LEXIS 44">*56 of income from the BetOnSports Organization, the sale of stock in BetOnSports, PLC and/or the investment of the proceeds of any such income or sale. [Emphasis added.]

Finally, section 10 of the plea agreement includes a standard of interpretation clause, which provides that "[i]n interpreting this document, any drafting errors or ambiguities shall not automatically be construed against any party, whether or not the party was involved in drafting this document", and section 11 includes an integration clause, which provides that "[t]his document 2014 Tax Ct. Memo LEXIS 44">*57 constitutes the entire agreement between the defendant and the government."

Also on August 14, 2009, Judge Carol Jackson of the U.S. District Court for the Eastern District of Missouri presided over petitioner's change of plea hearing. AUSAs Muchnick, Holtshouser, and Birmingham were each present at the hearing. AUSA Muchnick testified that the change of plea hearing was more complex and much longer than usual. He explained that unlike most plea agreements, which are nonbinding recommendations to a court, petitioner's plea agreement was of the type specified in rule 11(c)(1)(C) of the Federal Rules of Criminal Procedure, such that if the court accepts the plea agreement, the court is bound by its terms.

*55 During the change of plea hearing Judge Jackson asked the parties a number of questions to ensure that she understood the terms of the plea agreement, that the parties understood the terms of the agreement, that the plea agreement represents the entirety of the parties' agreement, and that there was a sufficient factual basis for her to accept petitioner's plea.

Specifically, Judge Jackson asked:

[Court:] Before you signed this document [the plea agreement], did 2014 Tax Ct. Memo LEXIS 44">*58 you review it with your attorneys?

[Petitioner:] Yes, I thoroughly reviewed this document with the — with my attorneys. Yes, I have.

[Court:] And you read the document before you signed it?

[Petitioner:] Absolutely. I have read it.

At one point AUSA Holtshouser specifically invited the District Court's attention to the provision pertaining to petitioner's civil tax liabilities:⁹

[AUSA Holtshouser:] Another subject of significance in the agreement is that there is no limitation here on the rights of the United States to take any civil, civil tax, or administrative action. *56 There has been an agreement in the plea agreement that you cover[ed] regarding criminal taxes; but that there is nothing in the agreement that limits that this office lacks the power in any way or the power of the government to pursue any civil, civil tax, or administrative action.

[Court:] Do you understand, Mr. Kaplan, that there is a difference between a criminal tax proceeding and a civil tax proceeding?

[Petitioner:] Yes I do, Your Honor.

[Court:] And in this document, the U.S. Attorney's Office 2014 Tax Ct. Memo LEXIS 44">*59 has agreed it will not bring any criminal tax proceeding against you; however, that doesn't preclude the initiation of any civil tax proceeding or administrative action against you.

[Petitioner:] I understand that. And we've agreed to that.

At the end of the hearing the District Court accepted petitioner's guilty plea but did not decide whether it would accept the plea agreement. On October 26, 2009, the District Court issued an order accepting the plea agreement.

After a criminal defendant pleads guilty to an offense and before the court's sentencing, the U.S. probation office is required to prepare a presentencing report. The presentencing report contains information about the defendant's general background, descriptions of the relevant offenses and the defendant's role in those offenses, details regarding the victims, discussion of the terms of the plea *57 agreement, and analysis regarding the Federal sentencing guidelines, relevant sentencing enhancements, and relevant sentencing reductions. 2014 Tax Ct. Memo LEXIS 44">*60 The presentencing report also contains a section which describes the defendant's financial situation, on which the judge may rely in determining whether to impose a fine or restitution and whether the defendant has the ability to pay those monetary sanctions. These financial disclosures are self-reported and are not subject to audit.

Under the plea agreement petitioner was required to completely, truthfully, and accurately disclose his financial situation on various forms that the U.S. probation office provided. Rather than completing the requisite forms, petitioner and Mr. Flood sent the probation officer a financial disclosure in letter format. In this letter petitioner represented that aside from several family loans and substantial legal fees owed to his defense attorneys, he was not aware of any other outstanding liabilities against him. This language was ultimately incorporated into the presentencing report under a section entitled "Financial Condition: Ability to Pay". Neither petitioner nor the Government objected to the presentencing report.^{102014 Tax Ct. Memo LEXIS 44">*61}

On November 2, 2009, the District Court held petitioner's sentencing hearing. Since neither party had objections to the presentencing report, the District Court adopted the report as its findings of fact. The presentencing report was then filed under seal. The Government attorneys prosecuting petitioner's case did not share the presentencing report with the IRS.

On the same day the District Court entered a final judgment in petitioner's case. The judgment provided that petitioner had pleaded guilty to one count of RICO conspiracy, one count of use of wire communication to transmit bets, and one count of conspiracy to violate the Wire Wager Act. Pursuant to the judgment, the District Court sentenced petitioner to 51 months of imprisonment and ordered petitioner to forfeit $43,650,000 to the United States.

The Commissioner's determinations in a notice of deficiency are presumed correct, and the taxpayer generally bears the burden of proving by a preponderance of the evidence that the Commissioner's determinations are erroneous. Rule 142(a); Welch v. Helvering, 290 U.S. 111">290 U.S. 111, 290 U.S. 111">115, 54 S. Ct. 8">54 S. Ct. 8, 78 L. Ed. 212">78 L. Ed. 212, 1933-2 C.B. 112 (1933).

Gross income includes all income from whatever source derived, unless otherwise specifically excluded. Sec. 61(a). The definition of gross income broadly includes any instance of undeniable accessions to wealth, clearly realized, and over which the taxpayer has complete dominion and control. Commissioner v. Glenshaw Glass Co., 348 U.S. 426">348 U.S. 426, 348 U.S. 426">431, 75 S. Ct. 473">75 S. Ct. 473, 99 L. Ed. 483">99 L. Ed. 483, 1955-1 C.B. 207 (1955).

A grantor trust is created when a person contributes cash or property to a trust but retains certain interests such that he is treated as the owner of the trust. Seesecs. 671-679. "When a grantor or other person has certain powers in respect of trust property that are tantamount to dominion and control over such property, the Code 'looks through' the trust form and deems such grantor or other person to be the owner of the trust property and attributes the trust income to such person." Estate of O'Connor v. Commissioner, 69 T.C. 165">69 T.C. 165, 69 T.C. 165">174 (1977). Under section 671, the grantor of a grantor trust is treated "as the owner of the trust assets, thus making the trust assets taxable to the grantor, until those trust assets are distributed to the grantee." Resolution Trust Corp. v. MacKenzie, 60 F.3d 972">60 F.3d 972, 60 F.3d 972">976-977 (2d Cir. 1995). 2014 Tax Ct. Memo LEXIS 44">*63 A grantor trust is disregarded as a separate taxable entity to the extent of the grantor's retained interest, and the grantor must report the trust's income on his own return. Sec. 671; sec. 1.671-2(b), Income Tax Regs.

*60 Under section 679(a), when a U.S. person directly or indirectly transfers property to a foreign trust and the foreign trust has a U.S. beneficiary, the U.S. person is treated as the owner of the trust with respect to the portion of the trust attributable to the transferred property. A foreign trust is treated as having a U.S. beneficiary for each year in which income of the trust is paid or accumulated to the benefit of, directly or indirectly, a U.S. person. Sec. 1.679-2(a), Income Tax Regs. Petitioner is a U.S. citizen and is thus a U.S. person as defined by section 7701(a)(30)(A). The Bird Trusts, which were organized under the laws of the Isle of Jersey and supervised by the Royal Court of Jersey, are foreign trusts. Sec. 7701(a)(31)(B); sec. 301.7701-7(a), Proced. & Admin. Regs. Finally, during 2004 and 2005, the Bird Trusts distributed portions of their income to petitioner, a U.S. person, on which petitioner and his family lived. Thus, petitioner was a U.S. beneficiary 2014 Tax Ct. Memo LEXIS 44">*64 of the Bird Trusts for both years at issue.

On brief petitioner concedes that the Bird Trusts were grantor trusts. Petitioner further concedes that the income of the Bird Trusts was taxable to him as the trusts' grantor under section 679.¹¹ Petitioner argues, however, that *61 respondent is precluded from bringing a civil tax action against him by: (1) the statute of limitations; (2) the plea agreement; and (3) judicial estoppel.

Petitioner argues that respondent is precluded from bringing a civil tax action against him for 2004 and 2005 by the statute of limitations.

As a general rule, the Commissioner has three years in which to make an assessment after a return is filed. Sec. 6501(a). When the taxpayer does not file a return, however, the assessment period never begins to run. Sec. 6501(c)(3). A substitute for return prepared under section 6020(b) is not considered a return for the purposes of starting the assessment period. Sec. 301.6501(b)-1(c), Proced. & Admin. Regs.

The parties have stipulated that petitioner did not file 2014 Tax Ct. Memo LEXIS 44">*65 Federal income tax returns for 2004 and 2005, and thus the assessment period is still open by statute. Petitioner argues, however, that the IRS' internal policy, set forth in Internal Revenue Manual (IRM) pt. 4.23.12.8 (Dec. 16, 2008), precludes respondent from bringing this action. Petitioner's reliance on ,IRM pt. 4.23.12.8 which pertains to delinquent return procedures in the employment tax context, is misplaced. Instead, the relevant provision is IRM pt. 4.12.1.3(1) (Oct. 5, 2010), which provides that while the enforcement period is generally limited to six years, longer *62 periods are allowed when income from illegal sources is at issue. There can be no dispute that petitioner's tax liabilities for the years at issue arise from the fruits of his illegal gambling business. Therefore, respondent is not barred from pursuing petitioner's 2004 and 2005 tax liability either by the statute of limitations or by IRS policy.

Petitioner argues that the plea agreement precludes respondent from bringing a civil tax action against him for 2004 and 2005. At trial petitioner testified that according to his understanding, the plea agreement provided that he would turn 2014 Tax Ct. Memo LEXIS 44">*66 over 50% of the BetOnSports proceeds held in trust, he would be subject to 51 months of imprisonment with time served, and the Government would close the case. Petitioner claims that he would never have agreed to surrender half of the trust's assets had he understood that the plea agreement would allow the Government to pursue a civil tax action relating to BetOnSports.^{122014 Tax Ct. Memo LEXIS 44">*67} Petitioner argues that therefore the plea agreement should be interpreted to allow *63 the Government to pursue a civil tax action only if it does not involve tax liabilities relating to BetOnSports. By way of example, petitioner explains that the Government could bring a civil tax action against him for his other ongoing businesses, including a pharmaceutical company called Hope Mills.

Respondent argues that the plea agreement, by its terms, unambiguously allows the Government to pursue a civil tax action against petitioner. We agree with respondent.

The Court of Appeals for the Eighth Circuit, to which this case is appealable by stipulation of the parties, seesec. 7482(b)(2), has held that "[w]here a plea agreement has been accepted by the court, we generally interpret the meaning of the terms in the agreement according to basic principles of contract law." United States v. Mosley, 505 F.3d 804">505 F.3d 804, 505 F.3d 804">808 (8th Cir. 2007). To the extent there is ambiguity in the plea agreement, a court must construe it against the Government.¹³505 F.3d 804">Id. at 809.

*64 Under Missouri law,¹⁴ where the terms of an integrated written agreement are unambiguous, extrinsic evidence may not be introduced to vary or contradict the terms of the agreement.^{152014 Tax Ct. Memo LEXIS 44">*69} Smith Flooring, Inc. v. Pa. Lumbermens Mut. Ins. Co., 713 F.3d 933">713 F.3d 933, 713 F.3d 933">938 (8th Cir. 2013). 2014 Tax Ct. Memo LEXIS 44">*68 Consequently, petitioner's subjective and unspoken beliefs cannot dictate the meaning of an unambiguous contract.^{162014 Tax Ct. Memo LEXIS 44">*70}

*65 The parties do not dispute that the plea agreement, which provides "[t]his document constitutes the entire agreement between the defendant and the government", is an integrated agreement. In addition, as explained below, the terms of the plea agreement unambiguously allow the United States to bring a civil tax action against petitioner. Accordingly, we may not consider any extrinsic evidence that contradicts the plain terms of the plea agreement.

Before discussing the relevant provisions of the plea agreement, 2014 Tax Ct. Memo LEXIS 44">*71 the Court believes it helpful to explain several legal terms of art, all of which are a form of monetary sanction—i.e., criminal forfeiture, civil forfeiture, fine, and restitution. A criminal forfeiture is "[a] governmental proceeding brought against a person to seize property as punishment for the person's criminal behavior." Black's Law

*66 Dictionary 722 (9th ed. 2009). In contrast, a civil forfeiture is "[a]n in rem proceeding brought by the government against property that either facilitated a crime or was acquired as a result of criminal activity." Id. In the criminal penal context, a fine is a "pecuniary criminal punishment * * * payable to the public treasury." Id. at 708. Finally, in the criminal penal context, restitution is "full or partial compensation paid by a criminal to a victim * * * ordered as part of a criminal sentence or as a condition of probation." Id. at 1428. With the meanings of these terms in mind, we now look to the relevant terms of the plea agreement.

Section 2.E of the plea agreement provides: "The defendant has discussed with defense counsel and understands that nothing contained in this document is meant to limit the rights and authority of the United States 2014 Tax Ct. Memo LEXIS 44">*72 of America to take any civil, civil tax or administrative action against the defendant". (Emphasis added.) Petitioner argues, however, that the plea agreement is ambiguous because section 2.E further provides "the United States shall not seek civil forfeiture in connection with this case of any asset constituting or derived from the receipt of income from BetOnSports Organization, the sale of stock in BetOnSports, PLC and/or the investment of the proceeds of any such income or sale." (Emphasis added.) We disagree.

*67 Throughout his criminal case, petitioner was represented by a team of defense lawyers. On the basis of the plea agreement, it is evident that these attorneys understood the distinctions among criminal forfeiture, fines, and restitution. For example, AUSA Muchnick credibly testified that because of the large forfeiture amount, the parties agreed that no fine or restitution would be imposed. We thus conclude that petitioner's attorneys knew, or at least should have known, the legal distinction between a civil tax action and a civil forfeiture action.

Our conclusion is confirmed by the District Court's questioning during petitioner's change of plea hearing, before its acceptance 2014 Tax Ct. Memo LEXIS 44">*73 of the plea agreement.

[Court:] And in this document, the U.S. Attorney's Office has agreed it will not bring any criminal tax proceeding against you; however, that doesn't preclude the initiation of any civil tax proceeding or administrative action against you.

[Petitioner:] I understand that. And we've agreed to that.

[Emphasis added.]

Petitioner argues that his financial disclosure letter, which did not list Federal taxes as a liability and which was incorporated into the presentencing report adopted by the District Court as its findings of fact, demonstrates that the parties and the District Court understood that he had no civil tax liability in *68 relation to BetOnSports. Petitioner's argument overreaches. At trial petitioner admitted that the plea agreement does not preclude the United States from instituting a civil tax action against him for taxes unrelated to BetOnSports. However, petitioner's financial disclosure letter did not list any tax 2014 Tax Ct. Memo LEXIS 44">*74 liabilities, including tax liabilities relating to his pharmaceutical business, Hope Mills. Therefore, we decline petitioner's invitation to infer, on the basis of an omission in his financial disclosure letter, that he had no civil tax liability.

Finally, petitioner argues that the doctrine of judicial estoppel precludes respondent from seeking civil tax liabilities for the years at issue.

Under the doctrine of judicial estoppel, once "'a party assumes a certain position in a legal proceeding, and succeeds in maintaining that position, he may not thereafter, simply because his interests have changed, assume a contrary position, especially if it be to the prejudice of the party who has acquiesced in the position formerly taken by him.'" New Hampshire v. Maine, 532 U.S. 742">532 U.S. 742, 532 U.S. 742">749, 121 S. Ct. 1808">121 S. Ct. 1808, 149 L. Ed. 2d 968">149 L. Ed. 2d 968 (2001) (quoting Davis v. Wakelee, 156 U.S. 680">156 U.S. 680, 156 U.S. 680">689, 15 S. Ct. 555">15 S. Ct. 555, 39 L. Ed. 578">39 L. Ed. 578 (1895)). This doctrine "'prevents a party from prevailing in one phase of a case on an argument and then relying on a contradictory argument to prevail in another phase.'" Id. (quoting Pegram v. Herdrich, 530 U.S. 211">530 U.S. 211, 530 U.S. 211">227 n.8, 120 S. Ct. 2143">120 S. Ct. 2143, 147 L. Ed. 2d 164">147 L. Ed. 2d 164 (2000)).

*69 Several factors typically inform a court's decision whether to apply the doctrine of judicial 2014 Tax Ct. Memo LEXIS 44">*75 estoppel: (1) whether "a party's later position * * * [is] 'clearly inconsistent' with its earlier position"; (2) "whether the party has succeeded in persuading a court to accept that party's earlier position, so that judicial acceptance of an inconsistent position in a later proceeding would create 'the perception that either the first or the second court was misled'"; and (3) "whether the party seeking to assert an inconsistent position would derive an unfair advantage or impose an unfair detriment on the opposing party if not estopped". 532 U.S. 742">Id. at 750-751 (quoting Edwards v. Aetna Life Ins. Co., 690 F.2d 595">690 F.2d 595, 690 F.2d 595">599 (6th Cir. 1982)).

Petitioner argues that the doctrine of judicial estoppel applies in this case because the Government did not object to the presentencing report, which incorporated a section from petitioner's financial disclosure letter that omitted income tax for 2004 and 2005 as a liability. We disagree. The representations in petitioner's financial disclosure letter were petitioner's, not respondent's. AUSA Muchnick credibly testified at trial that such financial disclosures are self-reported and are not subject to audit. AUSA Muchnick further credibly testified that his 2014 Tax Ct. Memo LEXIS 44">*76 office did not object to the presentencing report because such representations are used to determine a defendant's ability to pay a fine or restitution, neither of which *70 was at issue in petitioner's case. Under these circumstances, the Government did not assert any position through its silence. Furthermore, even if an omission in petitioner's financial disclosure could somehow be construed as a "position" by the Government, the Government did not persuade the District Court nor derive any benefit from such a "position". Finally, because the plea agreement unambiguously reserved the Government's right to bring a civil tax action against petitioner, petitioner suffered no detriment nor prejudice from any perceived "position" of the Government. For these reasons, petitioner's judicial estoppel argument is without merit. II.

Under section 7491(c), the Commissioner bears the burden of production with respect to additions to tax and must come forth with sufficient evidence to show that imposition of the penalty is appropriate. Higbee v. Commissioner, 116 T.C. 438">116 T.C. 438, 116 T.C. 438">446 (2001).

In the notice of deficiency, respondent determined additions to tax for 2004 and 2005 for failure 2014 Tax Ct. Memo LEXIS 44">*77 to file tax returns timely under section 6651(a)(1) and failure to pay tax timely under section 6651(a)(2). Respondent further determined additions to tax for failure to make estimated tax payments under section 6654 for both years. The parties have stipulated that petitioner neither filed income tax *71 returns nor paid income tax for both years at issue. Moreover, petitioner has not advanced any argument in brief as to these additions to tax. Accordingly, we deem any such arguments to be conceded. See Mendes v. Commissioner, 121 T.C. 308">121 T.C. 308, 121 T.C. 308">313-314 (2003) (holding that arguments not addressed in brief may be considered abandoned); cf. Holmes v. Commissioner, T.C. Memo. 2011-31, 101 T.C.M. 1141">101 T.C.M. 1141, 1145 (2011) (holding that the issues of additions to tax under sections 6662(a)(2) and 6654 were deemed conceded where the taxpayer did not specifically address them in his petitions, his pretrial memorandum, or at trial). Accordingly, we sustain respondent's determinations with respect to the additions to tax under sections 6651(a)(1) and (2) and 6654.

In reaching our holdings, we have considered all arguments made, and, to the extent not mentioned above, we conclude they are moot, irrelevant, 2014 Tax Ct. Memo LEXIS 44">*78 or without merit.

To reflect the foregoing,

Decision will be entered for respondent.