Strong v. Comm'r

2003 T.C. Memo. 87, 85 T.C.M. 1063, 2003 Tax Ct. Memo LEXIS 86
CourtUnited States Tax Court
DecidedMarch 25, 2003
DocketNo. 821-01; No. 2048-01
StatusUnpublished
Cited by1 cases

This text of 2003 T.C. Memo. 87 (Strong v. Comm'r) 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
Strong v. Comm'r, 2003 T.C. Memo. 87, 85 T.C.M. 1063, 2003 Tax Ct. Memo LEXIS 86 (tax 2003).

Opinion

TIMOTHY DEAN STRONG, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent STRONG CONSTRUCTION COMPANY, INC., A MINNESOTA CORPORATION, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Strong v. Comm'r
No. 821-01; No. 2048-01
United States Tax Court
T.C. Memo 2003-87; 2003 Tax Ct. Memo LEXIS 86; 85 T.C.M. (CCH) 1063; T.C.M. (RIA) 55095;
March 25, 2003, Filed

*86 Petitioners' motions for partial summary judgment denied.

Thomas E. Brever, for petitioners.
John C. Schmittdiel and Helen H. Keuning, for respondent.
Panuthos, Peter J.

PANUTHOS

MEMORANDUM OPINION

PANUTHOS, Chief Special Trial Judge: These cases are before the Court on petitioners' motion in each docket for partial summary judgment, filed pursuant to Rule 121. 1 Respondent filed an objection to the motion in each docket. Petitioners contend that there is no material issue of fact and that they are entitled to partial summary judgment as a matter of law. In particular, petitioners seek to preclude respondent from asserting judicial estoppel. Respondent has invoked that doctrine in an attempt to bar petitioners from introducing evidence of cash on hand as the source of deposits alleged by respondent to be income to petitioners.

*87 Summary judgment is intended to expedite litigation and avoid unnecessary and expensive trials. Fla. Peach Corp. v. Commissioner, 90 T.C. 678, 681 (1988). Summary judgment may be granted with respect to all or any part of the legal issues in controversy "if the pleadings, answers to interrogatories, depositions, admissions, and any other acceptable materials, together with the affidavits, if any, show that there is no genuine issue as to any material fact and that a decision may be rendered as a matter of law." Rule 121(a) and (b); see Sundstrand Corp. v. Commissioner, 98 T.C. 518, 520 (1992), affd. 17 F.3d 965 (7th Cir. 1994); Zaentz v. Commissioner, 90 T.C. 753, 754 (1988); Naftel v. Commissioner, 85 T.C. 527, 529 (1985). The moving party bears the burden of proving that there is no genuine issue of material fact, and factual inferences will be read in a manner most favorable to the party opposing summary judgment. Dahlstrom v. Commissioner, 85 T.C. 812, 821 (1985); Jacklin v. Commissioner, 79 T.C. 340, 344 (1982).

In these cases, we believe that there are genuine issues as to material facts*88 that preclude decisions as a matter of law with regard to the imposition of judicial estoppel. As explained in detail below, we shall deny petitioners' motions for partial summary judgment.

Background

Petitioner Timothy Dean Strong (Strong), docket No. 821- 01, is the sole owner of petitioner Strong Construction Company, Inc.(SCC), docket No. 2048-01. Operating through SCC, Strong constructed houses for resale. In 1990, Strong had become involved in an unprofitable business venture which resulted in numerous creditors' attempting to collect debts from him. Strong filed for relief from these creditors under chapter 7 of the Bankruptcy Code on May 9, 1990. On Schedule B-2 of his bankruptcy petition, Strong listed "zero" as the amount of cash on hand. SCC was not a party to the bankruptcy proceeding, and Strong did not list his ownership interest in SCC in his schedule of assets. Strong received a discharge in bankruptcy on August 15, 1990.

In March 1995, Strong filed his individual Federal income tax returns for the years 1990, 1991, 1992, and 1993 with the Internal Revenue Service. He filed his individual Federal income tax return for 1994 on April 15, 1995. For each of those years, *89 Strong's income tax returns reported taxable income of zero, or a loss. SCC did not file income tax returns for any of the years at issue.

Respondent determined that Strong understated his income from the construction business during the years in issue, and, further, that he had overstated deductible expenses. Additionally, during the examination of Strong's income tax returns, respondent examined a bank account, No. XXXXX5300, at First Bank of Coon Rapids, later named Marquette Bank Coon Rapids. Both Strong and SCC are identified as account holders on that account. Respondent identified numerous deposits to that account made in cash from unidentified sources. Respondent determined that home sales reported on Strong's returns were the source of certain of these cash deposits.

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Related

Strong v. Comm'r
2005 T.C. Memo. 125 (U.S. Tax Court, 2005)

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Bluebook (online)
2003 T.C. Memo. 87, 85 T.C.M. 1063, 2003 Tax Ct. Memo LEXIS 86, Counsel Stack Legal Research, https://law.counselstack.com/opinion/strong-v-commr-tax-2003.