Schmidt v. Commissioner

1969 T.C. Memo. 86, 28 T.C.M. 481, 1969 Tax Ct. Memo LEXIS 210
United States Tax Court·Decided May 1, 1969·No. Docket No. 1860-67.·Unpublished

Opinion

William Schmidt and Willia Schmidt v. Commissioner.
Schmidt v. Commissioner
Docket No. 1860-67.
United States Tax Court
T.C. Memo 1969-86; 1969 Tax Ct. Memo LEXIS 210; 28 T.C.M. (CCH) 481; T.C.M. (RIA) 69086;
May 1, 1969, Filed
*210

Issues (a) - (d), inclusive. Held, petitioners have failed to establish that any portion of the amounts of $3,536.03, $2,429.52, $328.67 and $100 allegedly expended for travel, entertainment, auto expense, and dues and periodical expenses, respectively, is an allowable deduction.

Issues (e) and (f). During the taxable year petitioner purchased and installed an air conditioner in connection with his rental property. He claimed the expenditure as a part of his deduction for repairs. Held, the respondent did not err in determining that the expenditure was a capital expenditure subject to a depreciation allowance.

Issue (g). During the taxable year petitioner traded a 1961 Lincoln automobile for a 1964 Lincoln. On his return he treated the trade-in as a sale and computed a profit on the trade-in which he applied against the depreciation claimed on both cars for the taxable year. The respondent determiined that the trade-in was a non-taxable exchange and recomputed the depreciation on both cars on the finding that they were used 70 percent for business and 30 percent for pleasure. The net result was that petitioner was entitled to an additional depreciation deduction for the taxable *211year of $655.17. Held, no error was committed by therespondent in his determination.

William Schmidt, pro se, 2838 W. Addison St., Chicago, Ill. William L. Ringuette, for the respondent.

STERRETT

Memorandum Findings of Fact and Opinion

STERRETT, Judge: Respondent determined a deficiency in income tax for the calendar year 1964 in the amount of $2,871.80. Petitioners assign errors as follows:

The determination of tax set forth in the said notice of deficiency is based upon the following errors:

(a) Travel expense$3,536.03
(b) Entertainment2,429.52
(c) Auto expense328.67
(d) Dues and periodicals100.00
(e) Repairs - Rental property 808.06
Reserve for Bad Debts(8,519.15)
(11,470.35)(16,470.01) Commissioner erred in that these expenses were incurred in the ordinary running of our business.
(f) Depreciation - Air Conditioner$150.00
(g) Depreciation - Automobile655.17
$805.17
These credit allowances for depreciation on the air conditioner and automobile are in error and not claimed by us.

Findings of Fact

Some of the facts were stipulated. The stipulation and attached exhibits are herewith adopted and incorporated herein by reference. 482

General Findings. William Schmidt (herein sometimes called *212petitioner) and Willia Schmidt are husband and wife, and at the time the petition was filed resided in Chicago, Illinois. They filed a joint income tax return for the calendar year 1964 on the cash receipts and disbursements basis with the district director of internal revenue, Chicago, Illinois.

Petitioner is a licensed structural and professional engineer in the State of Illinois. He is also a licensed professional engineer in the States of Arizona, California, Colorado, Florida, Indiana, Iowa, Michigan, Minnesota, New York, Ohio, Pennsylvania, Tennessee, and Wisconsin.

Petitioner operates his structural engineering business as a sole proprietorship under the firm name of William Schmidt and Associates. His volume of business annually is in the neighborhood of $250,000 and he employs some 14 to 20 people. Petitioner is the designer of 1000 Lake Shore Plaza and a 70-story building on Lake Point in Chicago. In toto some 15 to 20 high rise buildings have been constructed under his supervision. Petitioner operates in about 14 states, but about 90 percent of his business is in Chicago.

Issue (a). On Schedule C of the return petitioner reported a net profit from the business of William *213Schmidt and Associates of $24,269.70 composed of:

Gross receipts$230,076.83
Less total other business de- ductions 205,807.13
Net profit$ 24,269.70
Included in the $205,807.13 were other business expenses of $20,408.69. Included in the $20,408.69 was travel expense of $4,930.08. The latter amount represents the total travel expense of William Schmidt and Associates claimed for the calendar year 1964. Of that total, $1,394.05 represents expenses of employees of William Schmidt and Associates, other than petitioner, which have been allowed as deductions. The balance, $3,536.03, was disallowed by the respondent on the grounds that it had not been established that said amount constituted an ordinary and necessary b

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Schmidt v. Commissioner, 1969 T.C. Memo. 86, 28 T.C.M. 481, 1969 Tax Ct. Memo LEXIS 210 (tax 1969).

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