Regan v. Commissioner

1987 T.C. Memo. 512, 54 T.C.M. 846, 1987 Tax Ct. Memo LEXIS 508
CourtUnited States Tax Court
DecidedSeptember 30, 1987
DocketDocket No. 41207-84.
StatusUnpublished
Cited by4 cases

This text of 1987 T.C. Memo. 512 (Regan 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
Regan v. Commissioner, 1987 T.C. Memo. 512, 54 T.C.M. 846, 1987 Tax Ct. Memo LEXIS 508 (tax 1987).

Opinion

PATRICK S. REGAN, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Regan v. Commissioner
Docket No. 41207-84.
United States Tax Court
T.C. Memo 1987-512; 1987 Tax Ct. Memo LEXIS 508; 54 T.C.M. (CCH) 846; T.C.M. (RIA) 87512;
September 30, 1987.
*508

During the years in issue, petitioner was a full-time gambler who gambled solely for his own account.

Held, petitioner's gambling activities constituted a trade or business within the meaning of secs. 62(1) and 162(a), I.R.C. 1954. Commissioner v. Groetzinger,480 U.S.   , 107 S.Ct. 980 (1987), followed. Consequently, petitioner is not subject to the alternative minimum tax under sec. 55, I.R.C. 1954. Held further, petitioner is not entitled to deduct claimed expenses for meals, lodging, and commissions. Held further, petitioner is liable for an addition to tax pursuant to sec. 6651(a)(1), I.R.C. 1954.

Martin Fedder, for the petitioner.
Paula Hu and Mary Corrigan Gorman, for the respondent.

STERRETT

MEMORANDUM FINDINGS OF FACT AND OPINION

STERRETT, Chief Judge: By notice of deficiency dated October 19, 1984, respondent determined deficiencies in and additions to petitioner's Federal income taxes as follows:

Addition to tax under
YearDeficiencysection 6651(a)(1) 1*509
1979$ 12,269--
198057,637$ 11,046
198129,4542,401

After concessions by both parties, the issues for decision are (1) whether petitioner's gambling activities during the years in issue constituted a trade or business within the meaning of sections 62(1) and 162(a); (2) if so, whether petitioner is entitled to deduct claimed expenses for meals, lodging, and commissions; and (3) whether petitioner is liable for an addition to tax pursuant to section 6651(a)(1) for failure to file a timely 1980 Federal income tax return.

FINDINGS OF FACT

Some of the facts have been stipulated and are so found. The stipulation of facts and exhibits attached thereto are incorporated herein by this reference.

Petitioner, Patrick S. Regan, resided in Baltimore, Maryland, at the time he filed his petition in this case. He filed his Federal income tax returns for the years in issue with the Office of the Internal Revenue Service in Atlanta, Georgia. He filed his 1980 Federal income tax return on April 15, 1982, after obtaining an extension to file the return on or before June 15, 1981.

Petitioner was a full-time gambler during the years in issue. During those years, other than some *510 interest income and wages in the amount of $ 407, petitioner's only source of income as his winnings from wagers he placed on jai alai games. Occasionally during the years in issue, petitioner placed wagers on jai alai games for friends as a favor, but he did not act as a bookmaker and did not receive any remuneration for placing these wagers. Instead, petitioner gambled solely for his own account.

During 1979, petitioner attended and wagered on jai alai games in Orlando, Florida. During 1980 and 1981, petitioner attended and wagered on jai alai games in Tampa, Florida, during the 6-month season that ran from January through June, and he attended and wagered on Jai alai games in Ocala, Florida, during the 6-month season that ran from July through December. 2*511 During their respective seasons, jai alai games were played 5 days a week in Tampa and 4 days a week in Ocala in 1980 and 1981, and during those years, petitioner attended and wagered on jai alai games in Tampa and Ocala every day games were played.

In 1980 and 1981, petitioner lived in a rental apartment in Tampa during the Tampa jai alai season, and he lived in a rental apartment in Gainesville, Florida, during the Ocala jai alai season. While living in Gainesville during the Ocala jai alai season, petitioner continued to rent the apartment in Tampa.

Petitioner placed wagers on jai alai games totaling $ 266,540, $ 743,642, and $ 442,450 in 1979, 1980, and 1981, respectively. His total winnings were $ 286,339, $ 777,773, and $ 468,213 in 1979, 1980, and 1981, respectively.

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Bluebook (online)
1987 T.C. Memo. 512, 54 T.C.M. 846, 1987 Tax Ct. Memo LEXIS 508, Counsel Stack Legal Research, https://law.counselstack.com/opinion/regan-v-commissioner-tax-1987.