Shapiro v. Commissioner

1988 T.C. Memo. 350, 55 T.C.M. 1472, 1988 Tax Ct. Memo LEXIS 373
CourtUnited States Tax Court
DecidedAugust 4, 1988
DocketDocket No. 17794-81.
StatusUnpublished

This text of 1988 T.C. Memo. 350 (Shapiro 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
Shapiro v. Commissioner, 1988 T.C. Memo. 350, 55 T.C.M. 1472, 1988 Tax Ct. Memo LEXIS 373 (tax 1988).

Opinion

EDWARD SHAPIRO AND SANDRA SHAPIRO, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Shapiro v. Commissioner
Docket No. 17794-81.
United States Tax Court
T.C. Memo 1988-350; 1988 Tax Ct. Memo LEXIS 373; 55 T.C.M. (CCH) 1472; T.C.M. (RIA) 88350;
August 4, 1988.
Laurence B. Labovitz,Leslie S. Klinger,Jordan P. Weiss,Bruce I. Hochman and Martin N. Gelfand, for the petitioners.
Steven M. Roth,Ralph A. Eppensteiner and Bernard Goldstein, for the respondent.

CLAPP

MEMORANDUM FINDINGS OF FACT AND OPINION

CLAPP, Judge:  Respondent determined a deficiency in petitioners' 1977 Federal income tax in the amount of $ 96,490. Petitioners concede the deficiency determination. The sole issue to decide is whether Sandra Shapiro is an "innocent spouse" within the meaning of 6013(e). 1

*374 FINDINGS OF FACT

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

Sandra Shapiro ("petitioner") resided in Northridge, California at the time the petition in this case was filed. She was married in 1977 to her former husband, Edward Shapiro ("Shapiro"), and they filed a joint tax return for that year. Petitioner and Shapiro were married on January 21, 1961, separated on or about May 16, 1977, signed a Marital Settlement Agreement on May 9, 1978, and divorced shortly thereafter. Petitioner married Mr. Glantz, her current husband, in September 1978. The deficiency herein results from respondent's disallowance of a $ 172,000 deduction taken on their 1977 tax return, derived from a tax shelter investment in the Fenix Cattle Company. Petitioner was separated from Shapiro at the time he entered into this investment in December 1977. Petitioner had no knowledge of this investment from Shapiro and learned of it only a short time before trial.

Petitioner was a full-time housewife and mother during her marriage to Shapiro and did not substantially participate in the financial affairs*375 of the family. She is a high school graduate with no business education and was dependent upon Shapiro for support. Shapiro earned a living from his stereo business, and reported over $ 170,000 in income on his 1977 tax return. Throughout their marriage, petitioner and Shapiro enjoyed a "nice" life style and lived in a "comfortable" four bedroom home, but did not live extravagantly for people of their means, other than owning a Lincoln Continental and Rolls-Royce. Their life style remained relatively unchanged in 1977.

Shapiro is also a high school graduate with some electronic training. He has been self-employed most of his life and in 1977, he was Vice President and a stockholder in San Car Enterprises, a retail consumer electronics company. Petitioner was not involved in the day-to-day operations of her husband's business, except to the extent she knew that "he owned a stereo business, and he had "x" amount of stores and they sold stereos and auto equipment."  She was not aware of her husband's income because there was no weekly, biweekly or monthly pay check; rather, Shapiro drew funds for what he needed, when he needed it. Petitioner did not involve herself in her husband's*376 business activities, nor did Shapiro discuss them with her. Shapiro had a separate business account.

The Shapiros had a joint personal checking account which paid for their normal living expenses, such as the mortgage, credit cards and utility bills. Major purchasing decisions for automobiles or appliances were jointly made. Petitioner wrote some of the checks on this account for various household expenses. Shapiro would, as necessary, deposit funds into the personal checking account to cover the bills. Petitioner knew Shapiro had life insurance policies, certain real estate investments and other checking accounts, including other joint accounts for which she had signed the signature cards but had made no deposits or withdrawals thereon. Most notably this would include a Manufacturer's Bank account of $ 325,000. Petitioner knew they had such a joint account, but never knew the account balance or the activity on the account. Her knowledge, moreover, was of a general nature and she possessed very limited information on these investments. Thus, while petitioner "recognized" the names of the real estate investments listed on the 1977 return, she never visited the properties*377 and knew nothing more about the investments.

Petitioner had no experience in reviewing tax returns. Prior to her marriage, her father, an accountant, prepared her tax returns and she would sign the return without reading it. Shapiro employed an accountant to prepare his and petitioner's 1977 and prior returns. Petitioner trusted the accountant and never reviewed or discussed the details of the returns with him. She did not read the 1977 tax return or the jurat before signing. Petitioner did not recall reviewing the financial figures on the 1977 tax return or, in particular, the presence of the $ 172,000 loss on the Schedule F, Farm Income and Expenses. Neither Shapiro nor petitioner received a refund for taxable year 1977, although according to their marital agreement, Shapiro would have been entitled to it, if one existed.

Petitioner and Shapiro entered into a Marital Settlement Agreement in May 1978. Pursuant to that agreement, petitioner received property valued at over $ 375,000, in addition to the house, Lincoln Continental, furniture and furnishings, art objects, jewelry and clothing. Petitioner was represented by her attorney during the signing of the agreement, *378

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Bluebook (online)
1988 T.C. Memo. 350, 55 T.C.M. 1472, 1988 Tax Ct. Memo LEXIS 373, Counsel Stack Legal Research, https://law.counselstack.com/opinion/shapiro-v-commissioner-tax-1988.