TAX COURT OPINION

Case: Rita Marie Raines
Docket Number: 20359-08
Judge: Colvin
Opinion Type: bench
Filed: 07/13/2009
Pages: 3

K o 4 CA.,'1J UNITED STATES TAX COURT WASHINGTON , DC 2021 7 RITA MARIE RAINES, Petitione r v . Docket No . 20359-0 8 COMMISSIONER OF INTERNAL REVENUE , Respondent 0 R D E R Pursuant to Rule 152(b), Tax Court Rules of Practice and Procedure, it is ORDERED that the Clerk of the Court shall transmit herewith to petitioner and to respondent a copy of the pages of the transcript of the trial of the above case before Judge .James S . Halpern at Denver, Colorado on June 25, 2009, containing his oral findings of fact and opinion rendered at, the conclusion of trial . In accordance with ;the oral findin s of fact and opinion, a decision will be entered under Rule 155 . (Signed) James S . Halpern Judge Dated : Washington, D .C . July 13, 2009 SERVED JUL 14 2009 ORIGINAL 3 1 Bench Opinion by Judge James Si, Halpern June 25, 200 9 2 Raines v . Commissioner Docket No . 20359-0 8 3 The Court has decided to render oral 4 findings of fact and opinion i this case, and the 5 following represents the Court's oral findings of fact 6 and, opinion . The oral finding of fact and opinio n 7 shall not be relied upon as precedent in any other 8 case . 9 This bench opinion is made pursuant to the 10 authority granted by Section 7459(b) of the Internal 11 Revenue Code of 1986, as amended, and Rule 152 of the 12 Tax Court Rules of Practice an Procedure . Al l 13 section references hereafter a 37e to the Internal 14 Revenue Code of 1986, as amended . 1 5 ulated certain facts . 16 The stipulation of facts, wit h attached exhibits, is 17 incorporated herein by this r e erence . 18 By notice of defici e 19 determined a deficiency in Pet 20 income tax liability of $15,81 21 tax under Section 6651 and 665 Respondent concede s 22 the deficiencies in tax, and P titioner has submitted 23 to Respondent a return for 200 showing all of th e 24 items of income giving rise to Respondent's 25 determination of a deficienc y ther than an adjustmen t Heritage Reporting Corporation (202) 628-4888 apparently, Petitioner does not contest . We therefo r 3 sustain Respondent's adjustmentLs to her income . 4 Petitioner contests the 10 percent tax under 5 Section 72(t) applicable to early distributions from a 6 qualified plan, on the ground of hardship . As we sai d 7 in Arnold v . Commissioner , 111 T .C . 250, page 25 5 8 (1998), "no exception exists under Section 72(t) fo r 9 financial hardship ." Petition r is liable for tha t 10 tax . 11 Petitioner also clai s a deduction fo r 12 moving expenses in the amount f $7,500 . Petitioner 13 has no substantiation for thos expenses . Based on 14 Petitioner's testimony, which as somewhat vague but 15 credible, we allow a deduction of $5,000 . 16 Decision will be ent red under Rule 155 . 17 This concludes the C urt's oral findings of 18 fact and opinion in this case . 19 (Whereupon, at 8 :59 i .m, the bench opinion 20 in the above-entitled matter w s concluded . ) 2 1 22 23 2 4 25 Heritage Reporting (202) 628- Corporation 888