Ferguson v. Commissioner

1982 T.C. Memo. 251, 43 T.C.M. 1317, 1982 Tax Ct. Memo LEXIS 495
United States Tax Court·Decided May 5, 1982·No. Docket Nos. 8700-79 and 6204-80.·Unpublished

Opinion

WALTER HUGH FERGUSON AND LAURA MAXINE FERGUSON, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Ferguson v. Commissioner
Docket Nos. 8700-79 and 6204-80.
United States Tax Court
T.C. Memo 1982-251; 1982 Tax Ct. Memo LEXIS 495; 43 T.C.M. (CCH) 1317; T.C.M. (RIA) 82251;
May 5, 1982.
Walter Hugh Ferguson and Laura Maxine Ferguson, pro se.
Cynthia J. Olson, for the respondent.

DRENNEN

MEMORANDUM FINDINGS OF FACT AND OPINION

DRENNEN, Judge: These consolidated cases were assigned to and heard by Special Trial Judge John J. Pajak pursuant to the provisions of section 7456(c) of the Internal Revenue Code of 1954, 1 and Rule 180, Tax Court Rules of Practice and Procedure.2 The Court agrees with and adopts the Special*497 Trial Judge's Opinion which is set forth below.

OPINION OF THE SPECIAL TRIAL JUDGE

PAJAK, Special Trial Judge: Respondent determined deficiencies in petitioners' Federal income taxes for 1975 and 1976 in the amounts of $ 447.00 and $ 3,231.00, respectively and additions to tax under section 6653(a) for 1975 and 1976 in the amounts of $ 22.00 and $ 162.00, respectively. The issues for decision are: (1) whether certain income is taxable to petitioners or to a family trust; (2) whether petitioners are entitled to deduct the cost of the family trust; (3) whether petitioners are entitled to deduct a legal fee; and (4) whether petitioners are liable for additions to tax for 1975 and 1976 due to negligence or intentional disregard of rules and regulations within the meaning of section 6653(a).

FINDINGS OF FACT

To the extent stipulated, *498 the facts are so found. Petitioners resided in Chula Vista, California, at the time their petitions in these cases were filed. Petitioners filed joint individual income tax returns for the taxable years 1975 and 1976.

During 1975 and 1976, petitioner Walter Hugh Ferguson (Hugh) was employed as an insurance salesman. Petitioner Laura Maxine Ferguson was employed as a secretary. Hugh used the name W. Hugh Ferguson and Laura Maxine Ferguson used the name Maxine Ferguson (Maxine).Hugh received commission income for his services in selling insurance policies.

On May 1, 1975, Hugh executed a Declaration of Trust for the W. Hugh Ferguson Equity Pure Trust (Trust). Petitioners used preprinted documents obtained from Educational Scientific Publishers (ESP) to create the Trust and take related actions.

The declared purpose of the Trust was:

to accept rights, title and interest in and to real and personal properties, whether tangible or intangible, conveyed by THE CREATOR HEREOF AND GRANTOR HERETO to be the corpus of THIS TRUST. Included therein is the exclusive use of his lifetime services and ALL of his EARNED REMUNERATION ACCRUING THEREFROM, from any current source whatsoever, *499 so that W. HUGH FERGUSON (Grantor-Creator's Name) can maximize his lifetime efforts through the utilization of his Constitutional Rights; for the protection of his family in the pursuit of his happiness through his desire to promote the general welfare, all of which W. HUGH FERGUSON (Grantor-Creator's Name) feels he will achieve because they are sustained by his RELIGIOUS BELIEFS.

Hugh purported to convey all of his real and personal property to the trust,including petitioners' home. Hugh also purported to convey to the Trust "The Exclusive use of the life-time services of W. Hugh Ferguson and Maxine Ferguson and all the currently earned remuneration there from." In return petitioners received beneficial units in the Trust.

The beneficial interests were divided into 100 units in certificate form. These were preprinted ESP forms. Ownership of a beneficial certificate did not give the holder any title or interest in, or right to manage, the Trust property. This was set forth in the certificates of beneficial interest which state that the benefits conveyed consisted solely of the "emoluments as distributed by the action of The Trustees and nothing more." The certificates were*500 transferable and in fact various transfers of the units were made.

On May 1, 1975, when the Trust was created, a certificate of 100 units of beneficial interest in the Trust was issued to Hugh. On May 5, 1975, Hugh's certificate of 100 units was voided and each petitioner received a certificate of 50 units as was originally intended. On June 1, 1975, Hugh's certificate of 50 units was voided and one unit was issued to petitioners' daughter, one to one son, one to another son and a certificate for 47 units was issued to Hugh.

Petitioners were the trustees of the Trust during the years in issue. Their daughter, Carol Ann Pagard, initially was a trustee but she resigned as trustee shortly after the creation of the Trust. Hereinafter, all references to trustees shall be to the petitioners as such.

Both petitioners had the right to draw on the Trust's bank account. During the years in issue the mortgage payments on petitioners' personal residence were made from checks drawn on the bank account of the Trust. Both petitioners signed these checks.

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Ferguson v. Commissioner, 1982 T.C. Memo. 251, 43 T.C.M. 1317, 1982 Tax Ct. Memo LEXIS 495 (tax 1982).

1982 T.C. Memo. 251 (Ferguson v. Commissioner) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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