TAX COURT OPINION

Case: Idowu Osiomwan Oghogho
Docket Number: 30680-09
Judge: Goeke
Opinion Type: bench
Filed: 03/31/2011
Pages: 3

UNITED STATES TAX COURT WA SHINGTON, DC 20217 IDOWU OSIOMWAN OGHOGHO, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent ) ) ) ) ) ) ) ) ) O R D E R Docket No. 30680-09. 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 the pages of the transcript Petitioner and to respondent a copy of of the trial in the above case before Judge Joseph Robert Goeke at San Francisco, California, on March 18, 2011, containing his oral findings of the trial. fact and opinion rendered at the conclusion of In accordance with the oral findings of fact and opinion, a decision will be entered under Rule 155. (Signed) Joseph Robert Goeke Judge Dated: Washington, D.C. March 31, 2011 SERVED APR , 4 2011 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 Bench Opinion by Judge Joseph Robert Goeke March 18, 2011 Idowu Osiomwan Oghogho v. Commissioner Docket No. 30680-09 3 THE COURT: The Court has decided to render oral findings of fact and opinion in this case, and the following represents the Court's oral findings of fact and opinion. The oral findings of fact and opinion shall not be relied upon as precedent in any other case. This opinion is rendered pursuant to Internal Revenue Code section 7459(b) and Rule 152 of the Tax Court Rules of Practice & Procedure. Hereinafter, section references are to the Internal Revenue Code in effect for the year 2006, and rule references are to the Tax Court Rules of Practice & Procedure. We initially find that the Petitioner has the burden of proof in this case, pursuant to Rule 142(a) and section 7491. This is a deficiency case. It involves the issuance by Respondent of a notice of deficiency for the year 2006 which determined a deficiency in income tax and an addition to tax under section 6662. This case arises because the Petitioner, by his own admission, filed an income tax return for 2006 which, on 2 Schedule C, claimed $100,000 of gross receipts which Petitioner did not receive, and also claimed associated Heritage Reporting Corporation (202) 628-4888 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 4 expenses which Petitioner did not incur. Respondent correctly disallowed these expenses which led to the deficiency. Having heard Petitioner's testimony and his explanation of his financial situation and the business setbacks he had in 2006, we find this fact, that Petitioner did in fact only receive income in the amounts of $3674 as wage income, $212 as interest income, tax refunds and credit in the amount of $859, unemployment compensation in the amount of $j859, and other income in the amount of $]933. In all other respects, we sustain the determinations made by Respondent as revised at trial, including the disallowance of all of the Schedule C and Schedule E expenses. The determinations we have made will require a Rule 155 computation. And to the extent that any deficiencies remain based upon our determinations, we find that the Petitioner is subject to the addition to tax under section 6662(a) because clearly his return as filed was not accurate, as he well knew at the time he filed the return. This concludes the Court's oral findings of fact and opinion in this case. (Whereupon, at 11:48 a.m., the bench opinion in the above-entitled matter was concluded.) Heritage Reporting Corporation (202) 628-4888