Oliver v. Commissioner

1 T.C.M. 8, 1942 Tax Ct. Memo LEXIS 115
CourtUnited States Tax Court
DecidedOctober 27, 1942
DocketDocket No. 105890.
StatusUnpublished

This text of 1 T.C.M. 8 (Oliver 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
Oliver v. Commissioner, 1 T.C.M. 8, 1942 Tax Ct. Memo LEXIS 115 (tax 1942).

Opinion

A. M. Oliver v. Commissioner.
Oliver v. Commissioner
Docket No. 105890.
United States Tax Court
1942 Tax Ct. Memo LEXIS 115; 1 T.C.M. (CCH) 8; T.C.M. (RIA) 42567;
October 27, 1942
*115 Mayer Sniderman, Esq., for the petitioner. Charles Oliphant, Esq., for the respondent.

DISNEY

Memorandum Findings of Fact and Opinion

DISNEY, J.: This proceeding involves the redetermination of deficiencies and negligence penalties as follows:

DeficiencyPenalty
1936$1,012.87$50.64
19371,614.3880.72
1938985.4449.27

On account of the absence of books and other records, respondent computed petitioner's liability from bank deposits and checks drawn against the accounts, in connection with which he made certain adjustments for items identifiable as nontaxable and deductible amounts. On account of the fact that all of the checks issued in 1936 against the accounts were not available during the audit of the petitioner's return for that year, the respondent allowed as a deduction from gross income a percentage of gross income equal to the average of the ratios of deductions to gross income in 1937 and 1938. The issues are whether the deficiencies so determined by the respondent correctly reflect petitioner's income tax liability and whether respondent erred in imposing negligence penalties of 5 per cent of the deficiencies. Petitioner filed his returns for*116 the taxable years with the collector for the twenty-third district of Pennsylvania.

Findings of Fact

Since 1916 petitioner has been engaged in the practice of law in Pittsburgh, Pennsylvania, specializing in damage suits involving negligence, at times in association with other attorneys.

Petitioner's records of transactions involving income tax liability consisted of "monthly working sheets" on which he entered items of income and expenses such as telephone and other office expenses, expenses incurred in conducting investigations preliminary to the trial of the cases, and trial expenses. These records, including checks drawn by petitioner against his bank accounts, were available to petitioner when he prepared his returns for the taxable years. The working sheets and some of the checks issued in 1936 disappeared from petitioner's office, where they were on file, in about the summer of 1939, and petitioner has not been able to locate them. As soon as petitioner discovered that his records were missing, which was before he was aware that an examination would be made of his records in connection with an audit of his income tax returns for the taxable years, he endeavored to locate*117 them, but did not succeed. He believed that they had been removed from his office with records belonging to a client.

Investigations were conducted by representatives of petitioner prior to the trial of damage suits filed by him on behalf of clients, in connection with which police officers, doctors, hospital attendants, public records, witnesses to the accident, and others probably having some knowledge of the cases were interviewed. This work was performed at various times by from 6 to 12 individuals, principally, however, by L. M. Bair, who devoted about 95 per cent of his time to the work. With the exception of a few instances occurring at undisclosed times, petitioner gave L. M. Bair cash to pay investigating expenses. In each of the taxable years from $2,700 to $3,200 was furnished L. M. Bair by petitioner to pay investigation costs.

The entrance door to the building on the fourth floor of which petitioner maintains his office was closed at 6 p.m. The building had no elevator. Petitioner possessed a key to the building and could use it to gain access to his office at night.

In some classes of negligence it was necessary for petitioner to consult doctors and others and have*118 them available in court to testify. Petitioner arranged to meet and entertain employees of hospitals and public offices, members of the police department, and others, at the Pittsburgh Athletic Association and the William Penn Hotel, located in Pittsburgh, Pennsylvania. Petitioner also entertained people at the Longue Vue Club located a short distance from Pittsburgh.

The bank deposits to petitioner in 1937 from his business, less certain nontaxable amounts, were $66,505.73, from which respondent deducted $29,777.28 for payments to clients and allowed amounts aggregating $13,378.17 as expenses and other deductions in determining net income of $23,350.28 from his business. The deductions of $13,378.17 includes $733.72 for miscellaneous expenses, and $300 for "Cash expense." In that year petitioner issued against the bank deposits checks aggregating $563.20 and $296.01 in favor of the Pittsburgh Athletic Association and William Penn Hotel, respectively, and $4,730 payable to "cash," out of which he used $1,200 to pay personal expenses.

In 1937 petitioner expended $453.12 for garage rent and gasoline and oil for, and repairs to, an automobile used in connection with his business.

*119 Several years prior to the taxable years petitioner purchased at a cost of $2,000 a second mortgage on a farm on which a first mortgage of $5,000 was outstanding. In 1937 the first mortgage was foreclosed and at the sheriff's sale held under the proceedings the property was sold for $131.73 in excess of the amount of the first mortgage, plus costs, which amount was paid to petitioner in 1937. In his return for 1937 petitioner reported gross income of $11,007.47. The alleged loss on the mortgage and an amount for depreciation were deducted in arriving at that amount. Nothing in the return disclosed that the deductions had been made.

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Bluebook (online)
1 T.C.M. 8, 1942 Tax Ct. Memo LEXIS 115, Counsel Stack Legal Research, https://law.counselstack.com/opinion/oliver-v-commissioner-tax-1942.