Dean Russell Cates & Teresa Stinnett Cates v. Commissioner

2017 T.C. Memo. 178
CourtUnited States Tax Court
DecidedSeptember 13, 2017
Docket25934-14
StatusUnpublished

This text of 2017 T.C. Memo. 178 (Dean Russell Cates & Teresa Stinnett Cates 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.

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Dean Russell Cates & Teresa Stinnett Cates v. Commissioner, 2017 T.C. Memo. 178 (tax 2017).

Opinion

T.C. Memo. 2017-178

UNITED STATES TAX COURT

DEAN RUSSELL CATES AND TERESA STINNETT CATES, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Docket No. 25934-14. Filed September 13, 2017.

Dean Russell Cates and Teresa Stinnett Cates, pro sese.

Brianna B. Taylor, John W. Sheffield, III, Ashley Y. Smith, and Madeline

Morgan (student), for respondent.

MEMORANDUM FINDINGS OF FACT AND OPINION

ASHFORD, Judge: Respondent determined a deficiency of $22,500 in

petitioners’ Federal income tax and an accuracy-related penalty pursuant to section -2-

[*2] 6662(a) of $4,500 for the 2012 taxable year.1 The issues for decision are:

(1) whether petitioners were required to report as income the entire amount of a

$133,501 distribution received from a qualified retirement plan; (2) if so, whether

petitioners are liable for the 10% additional tax imposed by section 72(t) on early

distributions from a qualified retirement plan; (3) whether petitioners are entitled

to a deduction for unreimbursed employee business expenses not originally

claimed on their Federal income tax return for the year at issue; and (4) whether

petitioners are liable for the accuracy-related penalty. We resolve all issues in

favor of respondent.

FINDINGS OF FACT

Some of the facts have been stipulated and are so found. The stipulation of

facts and the attached exhibits are incorporated herein by this reference.

Petitioners resided in Georgia at the time the petition was filed with the Court.

Teresa Stinnett Cates (petitioner) is a college graduate, having received a

bachelor’s degree in finance from the University of Tennessee. During 2012

petitioner worked for two different insurance companies. From 2004 to March or

April 2012 she was employed at FCCI Insurance Group (FCCI) as a marketing

1 Unless otherwise indicated, all section references are to the Internal Revenue Code in effect for the year at issue, and all Rule references are to the Tax Court Rules of Practice and Procedure. -3-

[*3] underwriter; starting in April 2012 she was employed at Harleysville

Insurance Co. (Harleysville) as a commercial lines territory manager. Shortly after

joining Harleysville, petitioner enrolled in a master of business administration

(M.B.A.) program at Walden University. At the time of trial she was still finishing

that program despite having left Harleysville a little over a year after joining that

company to work for Selective Insurance Co., her then-current employer.

Petitioner was a participant in FCCI’s section 401(k) profit-sharing plan,

which was administered by Vanguard Fiduciary Trust Co. (Vanguard). It is

undisputed that petitioner received a distribution of $133,501 from Vanguard

during 2012. As of the close of that year petitioner was under 59½ years of age.

Vanguard sent the Internal Revenue Service (IRS) and petitioner a Form

1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing

Plans, IRAs, Insurance Contracts, etc., for 2012, reflecting the $133,501

distribution as an early distribution with “no known exception”. The form also

reflected Federal tax withheld of $26,700.

Walden University sent the IRS and petitioner a Form 1098-T, Tuition

Statement, for 2012, reflecting petitioner’s student status as at least a half-time

graduate student, zero payments received for qualified tuition and related

expenses, and $11,357 billed for qualified tuition and related expenses. -4-

[*4] Petitioners prepared and timely filed their joint Form 1040, U.S. Individual

Income Tax Return, for 2012 (joint return), reporting, as relevant here, receipt of

the entire distribution from the Vanguard-administered plan. Specifically, on line

16a of the joint return, petitioners reported $133,501 as the amount of “Pensions

and annuities”. However, on line 16b they reported $83,501 as the “Taxable

amount”, and they included that amount in taxable income.

Petitioners attached to the joint return Form 5329, Additional Taxes on

Qualified Plans (including IRAs) and Other Tax-Favored Accounts. In part I of

the form they reported (1) the $83,501 amount as “Early distributions included in

income”; (2) $9,300 thereof as “not subject to the [10%] additional tax” imposed

by section 72(t) because of exception “10” (distributions due to an IRS levy on the

qualified retirement plan); (3) $74,201 as the amount subject to the 10% additional

tax; and (4) $7,420 as the amount of the 10% additional tax. Petitioners also

reported the $7,420 amount on line 58 in the section for “Other Taxes” on the joint

return.

Petitioners also attached to the joint return a Schedule A, Itemized

Deductions, on which they reported, among other items, $2,778 of unreimbursed

employee business expenses. However, because this reported amount did not

exceed 2% of their adjusted gross income, they were unable to deduct these -5-

[*5] expenses. Finally, petitioners neither reported on line 34 of the joint return

any amount for “Tuition and fees” nor attached to the joint return Form 8917,

Tuition and Fees Deduction.

Relying on the Vanguard Form 1099-R, respondent sent petitioners a notice

of deficiency on October 14, 2014, determining that the entire amount of the

$133,501 distribution was taxable and subject to the section 72(t) 10% additional

tax and that they were liable for the substantial understatement of income tax

penalty under section 6662(a) and (b)(2).

On October 31, 2014, petitioners timely petitioned this Court for

redetermination of the deficiency and the penalty, contending that $50,000 of the

$133,501 distribution was nontaxable because those funds were (1) rolled over to

a new section 401(k) plan and (2) used for educational expenses.

At a time not established by the record after petitioning this Court but

before trial of this case, petitioners submitted to respondent a revised joint return,

which they signed and dated June 2, 2015. As relevant here, petitioners reported

on line 16b of this form that $108,501 of the $133,501 distribution was taxable. In

addition, they claimed on this form an increased deduction for additional

unspecified Schedule A expenses. Then at a later time also not established by the

record but before trial of this case, petitioners submitted to respondent a joint -6-

[*6] Form 1040X, Amended U.S. Individual Income Tax Return, for 2012, which

they signed but did not date. This form reflects adjusted gross income that

includes the entire $133,501 distribution as taxable and an additional Schedule A

itemized deduction of $9,498.

OPINION

I. Burden of Proof

In general, the determinations of the Commissioner in a notice of deficiency

are presumed correct and, except for the burden of production in any court

proceeding with respect to a taxpayer’s liability for any “penalty, addition to tax,

or additional amount”, see sec. 7491(c), the taxpayer bears the burden of proving

that the Commissioner’s determinations are erroneous, see Rule 142(a); Welch v.

Helvering, 290 U.S. 111, 115 (1933). This burden of production and proof

remains on the taxpayer even with respect to the additional tax under section 72(t)

because the section 72(t) additional tax is a “tax” and not a “penalty, addition to

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2017 T.C. Memo. 178, Counsel Stack Legal Research, https://law.counselstack.com/opinion/dean-russell-cates-teresa-stinnett-cates-v-commissioner-tax-2017.