CONSOLE v. COMMISSIONER

2001 T.C. Memo. 232, 82 T.C.M. 479, 2001 Tax Ct. Memo LEXIS 268
CourtUnited States Tax Court
DecidedSeptember 5, 2001
DocketNo. 14972-97
StatusUnpublished

This text of 2001 T.C. Memo. 232 (CONSOLE 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
CONSOLE v. COMMISSIONER, 2001 T.C. Memo. 232, 82 T.C.M. 479, 2001 Tax Ct. Memo LEXIS 268 (tax 2001).

Opinion

RICHARD P. CONSOLE, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
CONSOLE v. COMMISSIONER
No. 14972-97
United States Tax Court
T.C. Memo 2001-232; 2001 Tax Ct. Memo LEXIS 268; 82 T.C.M. (CCH) 479;
September 5, 2001, Filed

*268 Decision will be entered for respondent.

Richard P. Console, pro se.
Steven W. Ianacone, for respondent.
Laro, David

LARO

MEMORANDUM OPINION

LARO, JUDGE: Respondent determined the following deficiencies, additions to tax, and accuracy-related penalty with respect to petitioner's Federal income taxes:

                              Accuracy-

                              Related

               Additions to Tax        Penalty

               ________________        _______

             Sec.     Sec.    Sec.      Sec.

Year   Deficiency   6653(b)(1)(A)   6661(a)   6653(b)     6663

____   __________   _____________   _______   _______    _______

1986   $ 104,596    1 $ 78,447   $ 26,149    ---      ---

1987    56,197      42,148    14,049    ---      ---

1988    50,951       ---     12,737  $ 38,213     ---

1989   *269  64,805       ---      ---    ---    $ 48,604

1992     8,130       ---      ---    ---      ---

Following a trial at which neither party presented any substantive evidence relating to respondent's determinations, we must decide whether petitioner is liable for those amounts. We hold he is. Section references are to the Internal Revenue Code in effect for the subject years, and Rule references are to the Tax Court Rules of Practice and Procedure. Petitioner resided in New Jersey when his petition was filed.

BACKGROUND

On November 21, 2000, respondent moved the Court under Rule 91(f) to issue an order directing petitioner to show cause why proposed facts in evidence should not be accepted as established. Three days later, the Court granted respondent's motion and ordered petitioner to file with the Court by December 8, 2000, a response*270 under Rule 91(f)(2) showing why the matters set forth in respondent's motion papers should not be deemed admitted for purposes of this case. After petitioner failed to respond to the substance of our order, we ordered that the facts and evidence set forth in respondent's motion papers be deemed established for purposes of this case.

Petitioner is considered under Rule 91(f) to have stipulated the following relevant facts:

     9. During each of the taxable years 1986, 1987, 1988 and

   1989, the petitioner was a shareholder and officer of Console,

   Wood and Curico, P.C. a law firm incorporated under the laws of

   the state of New Jersey.

     10. During the [sic] each of the taxable years 1986, 1987,

   1988 and 1989, the petitioner followed a practice of bringing

   bills for his personal expenses to the law office for payment

   with checks drawn on the bank accounts of the law firm.

     11. All checks in payment of these personal bills were

   coded by being marked with the letter "A".

   12. Checks so coded were entered in the cash disbursement

   journal of the law firm and charged*271 to an account labeled "RPC".

     13. The above practice was elicited from the petitioner

   during his testimony at a court appearance where he was on trial

   for insurance fraud.

     14. Petitioner would meet with his accountant and

   petitioner would decide the nature of the item, business or

   personal, and would direct the accountant where to deduct the

   items determined to [be] business.

     15. All items determined to be personal by the petitioner

   were charged to petitioner as additional income and reported on

   his personal return.

     16. Based on a review of the accountant's work papers, the

   law firm's cash disbursement journal, the cancelled checks coded

   with an "A", discussions with the accountant and the court

   testimony of petitioner, there was an excess of personal

   expenses of petitioner paid by the law firm over the amounts

   reported as income by petitioner for the taxable years 1986,

   1987, 1988 and 1989.

     17. Petitioner's fraudulent omission of specific items of

   income on his income tax*272 returns filed for the taxable years

   1986, 1987, 1988 and 1989 is a part of a four year pattern of

   intent to evade taxes.

     18. The petitioner understated his taxable income on his

   income tax returns for the taxable years 1986, 1987, 1988 and

   1989, in the amounts of $ 209,192.00, $ 145,966.00, $ 181,965.00

   and $ 231,448.00, respectively.

     20. The petitioner understated his income tax liabilities

   on his income tax returns for the taxable years 1986, 1987, 1988

   and 1989, in the amounts of $ 104,596.00, $ 56,197.00, $ 50,951.00

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2001 T.C. Memo. 232, 82 T.C.M. 479, 2001 Tax Ct. Memo LEXIS 268, Counsel Stack Legal Research, https://law.counselstack.com/opinion/console-v-commissioner-tax-2001.