EDENS v. COMMISSIONER

1974 T.C. Memo. 309, 33 T.C.M. 1419, 1974 Tax Ct. Memo LEXIS 9
CourtUnited States Tax Court
DecidedDecember 16, 1974
DocketDocket No. 3812-70.
StatusUnpublished
Cited by1 cases

This text of 1974 T.C. Memo. 309 (EDENS 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
EDENS v. COMMISSIONER, 1974 T.C. Memo. 309, 33 T.C.M. 1419, 1974 Tax Ct. Memo LEXIS 9 (tax 1974).

Opinion

IRA A. EDENS and VELTA JANE EDENS, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
EDENS v. COMMISSIONER
Docket No. 3812-70.
United States Tax Court
T.C. Memo 1974-309; 1974 Tax Ct. Memo LEXIS 9; 33 T.C.M. (CCH) 1419; T.C.M. (RIA) 740309;
December 16, 1974, Filed.

*9 Held: Petitioners had a reasonable prospect of recovery with regard to an alleged casualty loss to their house in 1962. They are not entitled to a casualty loss deduction in 1962 since they have failed to establish that they abandoned their claim during that year.

Held: Respondent is not estopped from adjusting the amounts claimed by petitioners as net operating loss carrybacks and carryforwards.

Held: Petitioners are not entitled to a deduction in 1962 for home insurance that related to that portion of their home that served as a personal residence.

Held: Petitioners are not entitled to a deduction in 1965 in the amount of $811.93 for automobile expenses.

Held: Petitioners are not entitled to a deduction in 1966 in the amount of $3,719.40 for business expenses of petitioner Velta Jane Edens.

Held: Petitioners are liable for the addition to tax pursuant to section 6651(a).

Ira A. Edens, pro se.
Dudley W. Taylor, for the respondent.

WILES

MEMORANDUM FINDINGS OF FACT AND OPINION

WILES, Judge: The respondent determined deficiencies in petitioners' Federal*11 income tax and additions to tax as follows:

YearDeficiencyAdditions to Tax Sec. 6651(a), I.R.C. 1954
1961$ 438.29$145.52
1962270.1067.57
19631,007.18251.80
196559.67-
1966383.05-

The only issues remaining for decision are:

1. Whether petitioners are entitled to a casualty loss deduction relating to alleged damage to their house in 1962.

2. Whether respondent is estopped from adjusting the amounts claimed by petitioners as net operating loss carrybacks and carryforwards.

3. Whether petitioners are entitled to a deduction in 1962 for home insurance that related to that portion of their home that served as a personal residence.

4.Whether petitioners are entitled to a deduction in 1965 in the amount of $811.93 for automobile expenses.

5. Whether petitioners are entitled to a deduction in 1966 in the amount of $3,719.40 for business expenses of petitioner Velta Jane Edens.

6. Whether petitioners are liable for the addition to tax pursuant to section 6651(a).

FINDINGS OF FACT

Some of the facts have been stipulated and have been found accordingly.

Petitioners are Ira A. Edens and Velta Jane Edens, husband*12 and wife, who resided in Columbia, South Carolina, at the time of the filing of the petition herein. They filed joint Federal income tax returns for the taxable years 1961 through 1966 with the district director of internal revenue in Columbia, South Carolina.

In 1956 Ira A. Edens (hereinafter referred to as Ira) entered into the business of conducting an insurance adjusting agency and claim service. Ira conducted this business as a sole proprietorship until he terminated it upon entering law school in 1965. After entering the insurance adjusting business, Ira used the dining room area of his house as office space. At this time petitioner's house had seven rooms. Later petitioner built an office out of a portion of what had been the garage. Another portion of the garage was used as filing space for Ira.Petitioners claimed two-sevenths of the cost of maintaining the residence as a business expense of Ira on their tax returns for the years in issue. Furthermore, in 1962 petitioners claimed the remaining five-sevenths of the amounts spent for interest, taxes and insurance relating to their home as a nonbusiness or itemized deduction.

The home in which petitioners resided during*13 the years in issue was purchased in 1958 at a cost of $19,000. During the month of October 1962, the Kahn-Jackson Construction Company was in the vicinity of petitioners' residence installing a sewer line. While excavating for the sewer line, Kahn-Jackson utilized dynamite to break up large deposits of rock and allow excavation of the sewer trench. Sometime thereafter petitioners reported to Kahn-Jackson that they had observed cracks in the walls of their house within a few days after the blasting operations were completed. After one of its engineers had inspected the house, Kahn-Jackson denied liability for the alleged damage. Petitioners also reported the alleged damage to Southern Home Insurance Company, with whom they carried insurance on their residence. After inspection by one of their representatives, the insurance company denied liability. Petitioners retained counsel who brought suit against the insurance company. This suit has been on a trial roster in a court in Lexington County, South Carolina, for more than ten or twelve terms.

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1974 T.C. Memo. 309, 33 T.C.M. 1419, 1974 Tax Ct. Memo LEXIS 9, Counsel Stack Legal Research, https://law.counselstack.com/opinion/edens-v-commissioner-tax-1974.