Barkley v. Comm'r

2004 T.C. Memo. 287, 88 T.C.M. 634, 2004 Tax Ct. Memo LEXIS 299, 34 Employee Benefits Cas. (BNA) 2977
CourtUnited States Tax Court
DecidedDecember 28, 2004
DocketNo. 7610-02
StatusUnpublished

This text of 2004 T.C. Memo. 287 (Barkley v. Comm'r) is published on Counsel Stack Legal Research, covering United States Tax Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Barkley v. Comm'r, 2004 T.C. Memo. 287, 88 T.C.M. 634, 2004 Tax Ct. Memo LEXIS 299, 34 Employee Benefits Cas. (BNA) 2977 (tax 2004).

Opinion

MICHAEL J. BARKLEY, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Barkley v. Comm'r
No. 7610-02
United States Tax Court
T.C. Memo 2004-287; 2004 Tax Ct. Memo LEXIS 299; 88 T.C.M. (CCH) 634; 34 Employee Benefits Cas. (BNA) 2977;
December 28, 2004, Filed

Commissioner's deficiency determinations and additions to tax sustained.

*299 Michael J. Barkley, pro se.
Katheryn Vetter and Christian A. Speck, for respondent.
Marvel, L. Paige

MARVEL

MEMORANDUM FINDINGS OF FACT AND OPINION

MARVEL, Judge: Respondent determined a deficiency in petitioner's 1998 Federal income tax of $ 47,049 and additions to tax under section 6651(a)(1)1 of $ 2,481, section 6651(a)(2) in an undetermined amount, and section 6654 of $ 582.

After concessions, 2 the issues for decision are: (1) Whether petitioner may deduct from his gross income under section 402 one-half of the retirement distribution he received in 1998; (2) whether petitioner is liable for the 10-percent additional tax on early distributions from qualified retirement plans under section 72(t); and (3) whether petitioner is liable for the addition to tax under section 6651(a)(1) for failure*300 to file a timely 1998 income tax return.

*301 FINDINGS OF FACT

Some of the facts have been stipulated. We incorporate the stipulated facts into our findings by this reference. Petitioner resided in Manteca, California, when his petition in this case was filed.

Petitioner was married to M. Jeanne Barkley (Mrs. Barkley) at all relevant times. Petitioner was born on October 27, 1945, and Mrs. Barkley was born on September 17, 1945. On or about June 4, 1998, Mrs. Barkley was diagnosed with multiple sclerosis, and she has been confined to a wheelchair since the beginning of 1998.

At all relevant times, petitioner and Mrs. Barkley owned and managed a 43-unit apartment complex, which consisted of five buildings. Petitioner and Mrs. Barkley resided in one of the apartments and managed the remaining apartments on a daily basis year round. Mrs. Barkley screened and interviewed applicants, while petitioner prepared vacant units for new tenants, performed general outdoor maintenance, hired independent contractors to address specific maintenance issues, and collected rent payments.

In addition to operating the rental property, petitioner worked as a computer programmer for Pacific Bell. On December 30, 1997, petitioner retired from Pacific*302 Bell, after 13 years of service.

On January 26, 1998, petitioner received a retirement distribution of $ 147,492.46 (the 1998 distribution), his entire beneficial interest in the Pacific Telesis Group Pension Plan (the plan). 3 Both petitioner and Mrs. Barkley were 52 years old when petitioner received the 1998 distribution.

In the documents he executed to receive the 1998 distribution, petitioner, as the plan participant, elected to receive the distribution in a single payment. Although petitioner also elected not to have State or Federal income tax withheld from the 1998 distribution, $ 29,498.49 of Federal income tax (20 percent of the distribution) was withheld. Mrs. Barkley consented to petitioner's receipt of the 1998 distribution and waived her right to joint and survivor annuity payments.

After petitioner retired from Pacific Bell, he started attending*303 a local college to pursue a teaching certificate in music and drama. In 1998 petitioner took only one voice class, but in 1999 he was enrolled in several courses that required him to spend time reading, writing papers, and studying for examinations. By February 2001, petitioner had dropped out of school completely because of the pressures of caring for Mrs. Barkley and managing the apartment complex.

Petitioner did not file a timely 1998 Federal income tax return, and the record does not indicate that petitioner requested an extension of time to file. Petitioner also did not file timely income tax returns for years before and after 1998. Petitioner filed his 1994 return on August 8, 1996, his 1995 return on February 13, 1998, his 1996 return on November 23, 1998, his 1997 return on February 4, 2001, and his 1999 return on June 6, 2002.

On January 14, 2002, respondent mailed to petitioner a notice of deficiency with respect to petitioner's 1998 taxable year. In the notice of deficiency, respondent determined that the full amount of the 1998 distribution was includable in his income. Respondent also determined that petitioner was liable for an addition to tax under section 6651(a)(1)

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2004 T.C. Memo. 287, 88 T.C.M. 634, 2004 Tax Ct. Memo LEXIS 299, 34 Employee Benefits Cas. (BNA) 2977, Counsel Stack Legal Research, https://law.counselstack.com/opinion/barkley-v-commr-tax-2004.