Pridgen v. Commissioner

1969 T.C. Memo. 138, 28 T.C.M. 717, 1969 Tax Ct. Memo LEXIS 162
CourtUnited States Tax Court
DecidedJune 30, 1969
DocketDocket No. 2913-67.
StatusUnpublished
Cited by2 cases

This text of 1969 T.C. Memo. 138 (Pridgen 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
Pridgen v. Commissioner, 1969 T.C. Memo. 138, 28 T.C.M. 717, 1969 Tax Ct. Memo LEXIS 162 (tax 1969).

Opinion

Lester C. Pridgen and Marjorie H. Pridgen v. Commissioner.
Pridgen v. Commissioner
Docket No. 2913-67.
United States Tax Court
T.C. Memo 1969-138; 1969 Tax Ct. Memo LEXIS 162; 28 T.C.M. (CCH) 717; T.C.M. (RIA) 69138;
June 30, 1969, Filed

*162 Held, petitioners have failed to show that they are entitled to deductions claimed in their Federal income tax returns for the calendar years 1963 and 1964 for contributions, taxes, medical and dental expenses, outside salesman expenses, and certain bankruptcy losses in excess of those allowed by the respondent.

Lester C. Pridgen, pro se, 55 W. 55th St., New York, N. Y. Richard J. Mandell, for the respondent.

STERRETT

Memorandum Findings of Fact and Opinion

STERRETT, Judge: The respondent determined deficiencies in the income taxes of the petitioners for the calendar years 1963 and 1964 in the respective amount of $1,684.49 and $904.82.

The respondent has conceded that the petitioners are entitled to capital losses in the amount of $1,000 for each of the taxable years 1963 and 1964 with respect to losses sustained by petitioners as a result of the bankruptcy of Royaloy, Inc., a corporation owned by the petitioners. The sole issue thus remaining for our decision is whether the petitioners are entitled to certain itemized deductions and a deduction for certain outside salesman expenses for the taxable years 1963 and 1964 in the respective amounts of $8,051.42*163 and $5,615.

Findings of Fact

The legal residence of Lester C. and Marjorie H. Pridgen (hereinafter referred to as petitioners) at the time of filing their petition herein was New York, New York. Their joint Federal income tax returns for the calendar years 1963 and 1964 were filed with the district director of internal revenue at New York, New York.

Two Federal income tax returns reporting the petitioners' tax liability were processed by the Internal Revenue Service for each of the taxable years involved herein. Petitioners claim that they filed only one return for each year, but that they were subsequently 718 requested to deliver, and did in fact hand over, duplicate copies of these returns to the collection division of the Manhattan district director's office. However this may be, both of the returns processed for each year were identical in every respect.

In 1951, the petitioners purchased the stock of Royaloy, Inc. (hereinafter referred to as Royaloy). Royaloy subsequently went into bankruptcy. As a result, the petitioners sustained losses with respect to amounts invested in the capital stock of Royaloy and certain capital contributions and loans made to Royaloy.

*164 On both of the Federal income tax returns processed for the taxable year 1963, the petitioners claimed the following deductions:

Contributions$ 270.00
Taxes548.10
Medical and dental expense842.40
Other deductions:
Loss due to bankrupt busi- ness $3,902.95
Expenses - outside sales- man 1 2,487.97
Total other deductions 6,390.92
Total itemized deductions$8,051.42

In addition, on both of the Federal income tax returns processed for the taxable year 1964, the petitioners claimed deductions, as follows:

Medical and dental expense$ 570.00
Contributions200.00
Taxes395.00
Other deductions:
Loss due to bankruptcy of Royaloy, Inc. 2,300.00
Total itemized deductions$3,465.00
Deductions from gross income:
Outside salesman expenses 2,150.00
Total deductions$5,615.00

*165 The respondent disallowed the foregoing deductions for 1963 and 1964 in entirety on the grounds that petitioners failed to substantiate any portion thereof. He allowed the standard deduction for the years 1963 and 1964 in lieu of the itemized deductions claimed by petitioners. As previously mentioned, the respondent subsequently conceded that petitioners are entitled to capital losses with respect to the bankruptcy of Royaloy in the amounts of $1,000 for each of the years involved herein. No evidence was introduced at the trial of this case which would permit any finding that petitioners were entitled to more.

Opinion

Despite the repeated warnings of this Court, the petitioners did not produce one shred of evidence to substantiate their claim to deductions for contributions, taxes, medical and dental expenses, and outside salesman expenses for the taxable years 1963 and 1964. They did introduce two exhibits pertaining to the losses sustained by them as a result of the bankruptcy of Royaloy.

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Related

Pridgen v. Commissioner
434 F.2d 67 (Second Circuit, 1970)

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Bluebook (online)
1969 T.C. Memo. 138, 28 T.C.M. 717, 1969 Tax Ct. Memo LEXIS 162, Counsel Stack Legal Research, https://law.counselstack.com/opinion/pridgen-v-commissioner-tax-1969.