De Thassy v. Commissioner

1963 T.C. Memo. 180, 22 T.C.M. 859, 1963 Tax Ct. Memo LEXIS 166
CourtUnited States Tax Court
DecidedJune 27, 1963
DocketDocket No. 72858.
StatusUnpublished

This text of 1963 T.C. Memo. 180 (De Thassy 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
De Thassy v. Commissioner, 1963 T.C. Memo. 180, 22 T.C.M. 859, 1963 Tax Ct. Memo LEXIS 166 (tax 1963).

Opinion

Eugene De Thassy v. Commissioner.
De Thassy v. Commissioner
Docket No. 72858.
United States Tax Court
T.C. Memo 1963-180; 1963 Tax Ct. Memo LEXIS 166; 22 T.C.M. (CCH) 859; T.C.M. (RIA) 63180;
June 27, 1963
Gabriel T. Pap, for the petitioner. Ronald S. Schacht, for the respondent.

OPPER

Memorandum Findings of Fact and Opinion

OPPER, Judge: Respondent determined deficiencies in petitioner's income taxes for the calendar years 1953, 1954, and 1955 in the amounts of $899.02, $717.10, and $719.46, respectively. Petitioner has conceded that deductions were properly disallowed in the statutory notice for city sales tax, medical expense, interest expense, and charitable contributions. Respondent has conceded that petitioner is entitled to an additional deduction of $2.36 in 1953 resulting from an understatement of his deduction for New York State income taxes. The remaining issues are: (1) whether petitioner sustained a net operating loss in 1952 which may be carried forward to each of the years in issue and (2) *167 whether petitioner incurred deductible business expenses in each of the years in excess of those allowed by respondent.

Findings of Fact

Some of the facts are stipulated and are found accordingly.

Petitioner is an individual presently residing at 1065 Madison Avenue, New York, New York. He filed timely Federal income tax returns for the calendar years 1953 through 1955 with the district director of internal revenue, Upper Manhattan district, New York.

A timely "Consent Fixing Period of Limitations Upon Assessment of Income and Profits Tax" with respect to the taxable year 1953 was filed by petitioner extending the period of limitations to June 30, 1958. A timely statutory notice of deficiency with respect to the years 1953 through 1955 was mailed to petitioner on February 4, 1958.

Petitioner left Hungary on November 29, 1946 and arrived in the United States on December 6, 1950. He is a citizen of the United States.

Petitioner's father and his brother, a minor, were killed during a Yugoslay invasion of Hungary. Petitioner's father died in the morning of November 10, 1919 and his brother later the same day. Petitioner was born a few months subsequent to that date.

Petitioner's*168 father died intestate. Under the laws of Hungary, the father's entire estate passed to petitioner and his brother in equal shares per stirpes, subject to "widow's right," or "usufruct," as it is known in civil law, in petitioner's mother. Under Hungarian law, petitioner inherited his brother's share when his brother died a few hours subsequent to his father. Petitioner's mother was still alive at all times here material and has not remarried since the death of her husband.

The widow's right under Hungarian law consists in substance of the right to take possession of the assets belonging to the estate of the deceased spouse and to collect the income therefrom. Title to the assets passes to the issue of an intestate and the issue thereby acquire full powers to sell or mortgage such assets and to dispose of such assets in any manner not inconsistent with the widow's right. The widow's right terminates upon the death or remarriage of the surviving spouse and may be restricted by judicial decision or agreement upon the demand of the distributees, to a portion of the assets of the estate, provided that income from such portion of the assets will be sufficient for the proper maintenance*169 of the surviving spouse.

Under Hungarian law a spouse entitled to the widow's right is not impeachable for normal waste or normal depreciation. She is impeachable for intentional waste inflicted upon the assets of the estate.

Under Hungarian law the owner of the property subject to the widow's right has no right to any rental income received from such property, nor is such person responsible for the expenses of upkeep and repairs to such property. Any rental income and the responsibility for upkeep and repairs belong to the widow.

Property located in the community of Dravatamasi, in the county of Somogy, in the southwestern portion of Hungary, was owned by petitioner's father at his death. The property consists of two houses and gardens. Farm land and farm buildings originally connected with the property were taken without compensation by the government under the Land Reform Act in 1945 and constituted no part of the property thereafter.

The manor, or "big" house, is a one-story brick building with tile roof and consists of about 10 rooms, kitchen, 2 bathrooms, corridors, cellar, attic, and storerooms. The so-called "guest" house is about half as large as the big house and*170 is divided into two apartments. It is also a one-story brick building with tile roof, consisting of 7 or 8 rooms, 2 kitchens, 2 bathrooms, corridors, storerooms, attic, and cellar. The big house is about 150 to 200 years old and has been rebuilt and added to through the years. The guest house was built in 1916.

The guest house was first rented in 1938 and was rented continuously thereafter. The big house was rented beginning in 1945 and was occupied by a number of frontier guards and their families.

The property in question was confiscated without compensation by the Communist government of Hungary on February 17, 1952.

Petitioner performed some work in regard to the management of the rental property. After achieving his majority, petitioner signed all legal documents as agent for his family. Petitioner occasionally received some of the money which was paid as rent for the houses.

The rates of exchange applicable to some of the years involved are as follows:

1919100 Hungarian kronen equalled 75 cents
in United States money
19385 Hungarian pengos equalled one dollar
in United States money

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Cite This Page — Counsel Stack

Bluebook (online)
1963 T.C. Memo. 180, 22 T.C.M. 859, 1963 Tax Ct. Memo LEXIS 166, Counsel Stack Legal Research, https://law.counselstack.com/opinion/de-thassy-v-commissioner-tax-1963.