Carey v. Commissioner

1987 T.C. Memo. 452, 54 T.C.M. 449, 1987 Tax Ct. Memo LEXIS 449
CourtUnited States Tax Court
DecidedSeptember 9, 1987
DocketDocket No. 32987-83.
StatusUnpublished
Cited by6 cases

This text of 1987 T.C. Memo. 452 (Carey v. Commissioner) 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
Carey v. Commissioner, 1987 T.C. Memo. 452, 54 T.C.M. 449, 1987 Tax Ct. Memo LEXIS 449 (tax 1987).

Opinion

WILBUR F. CAREY, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Carey v. Commissioner
Docket No. 32987-83.
United States Tax Court
T.C. Memo 1987-452; 1987 Tax Ct. Memo LEXIS 449; 54 T.C.M. (CCH) 449; T.C.M. (RIA) 87452;
September 9, 1987.
Wilbur F. Carey, pro se.
Paul R. Zamolo, for the respondent.

WRIGHT

MEMORANDUM FINDINGS OF FACT AND OPINION

WRIGHT, Judge: By notice of deficiency dated September 6, 1985, respondent determined the following deficiencies and additions to tax due from petitioner:

Additions to Tax
YearDeficiencySec. 6653(b) 1Sec. 6654
1979$ 3,051.65$ 3,699.57 $ 96.51
198012,547.056,273.53801.08

In his amended answer respondent alleged, in the alternative, that petitioner was liable for additions to tax under sections 6651(a) and 6653(a) for the taxable years in issue. 2

*452 Prior to trial, the parties settled virtually all the issues in this case. Specifically, after taking into consideration adjustments to income from petitioner's locksmith business (for losses incurred and the investment tax credit), the parties stipulated that such adjustments reduced petitioner's 1979 tax liability below the amount withheld from petitioner's wages during that year and that petitioner's 1979 overpayment was $ 1,770. 3 Respondent conceded that there are no additions to tax owed by petitioner under sections 6651(a) and 6654 for the taxable year 1979. Respondent further conceded that there are no additions to tax owed by petitioner under section 6653(b) for the taxable years 1979 and 1980. Similarly, petitioner's 1980 deficiency was reduced to $ 2,246 and petitioner conceded that he owes this amount together with additions to tax under sections 6651(a), 6653(a) and 6654 in the amounts of $ 562, $ 112 and $ 143, respectively. Thus, the sole issue for our consideration is whether the overpayment for taxable year 1979 may be credited to petitioner's tax liability for 1980.

*453 FINDING OF FACT

Most of the facts have been stipulated and are so found. The stipulation of facts, supplemental stipulations of fact and the exhibits attached thereto are incorporated herein by this reference. The pertinent facts are set forth below.

At the time he filed his petition in this case, petitioner resided in San Francisco, California. Petitioner did not file individual income tax returns for the years 1979 and 1980. During the taxable years in issue, petitioner was employed by Nielsen Freight Lines, Inc., in Petaluma, California, and was also self-employed as a locksmith doing business as Marina Lock and Security Systems. Petitioner purchased locksmith tools for use in his business in 1979 and 1980 at a total cost of $ 5,006.44 and $ 2,458.00, respectively. These tools had a useful life of 7 years. During taxable year 1980, petitioner also purchased a van and miscellaneous equipment for use in his business at a total cost of $ 15,091.78. These items had a useful life of 5 years.

On October 8, 1979, petitioner filed a Form W-4, Employees Withholding Allowance Certificate, with his employer Nielsen Freight Lines, claiming exemption from withholding. Accordingly, *454 only $ 4,347.46 in Federal income tax was withheld from petitioner's wages in taxable year 1979, and no Federal income tax was withheld from his wages in taxable year 1980. During the taxable years in issue, petitioner received wages totaling $ 22,777.97 and $ 31,652.75, respectively. For those same years petitioner received unreported interest income generated from his savings account in the amount of $ 49.79 and $ 6.87.

In early 1981, respondent began a criminal investigation into petitioner's Federal income tax liabilities. The investigation included efforts to enforce third-party summonses which petitioner opposed. Respondent's criminal investigation was discontinued on October 5, 1981, at which time petitioner's case was referred to the examination division of the Internal Revenue Service.

There is no record of petitioner's having filed a claim for refund prior to issuance of the statutory notice of deficiency and petitioner admitted at trial that no claim was ever filed.

OPINION

As previously indicated, the parties have settled all substantive issues in this case and they have stipulated that there was an overpayment for taxable year 1979, we must decide, in these*455 particular circumstances, whether petitioner may credit such overpayment to his deficiency for taxable year 1980. Respondent relying on section 6511 and 6512, contends that a refund or credit of such overpayment is barred by the statute of limitations.

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Bluebook (online)
1987 T.C. Memo. 452, 54 T.C.M. 449, 1987 Tax Ct. Memo LEXIS 449, Counsel Stack Legal Research, https://law.counselstack.com/opinion/carey-v-commissioner-tax-1987.