Richard David Czepiel - Page 2




                                        - 2 -                                         

               (1)  Is petitioner required to include in his gross income             
          for 1995 the distributions that he made during that year from his           
          individual retirement accounts (IRA's)?  We hold that he is.                
               (2)  Is petitioner liable for the 10-percent additional tax            
          under section 72(t)(1) with respect to the distributions referred           
          to above?1  We hold that he is.                                             
                                  FINDINGS OF FACT                                    
               Some of the facts have been stipulated and are so found.               
               Petitioner Richard David Czepiel (Mr. Czepiel), who was born           
          on July 23, 1946, resided in Holyoke, Massachusetts, at the time            
          the petition was filed.                                                     
               Mr. Czepiel married Kathleen Marie Quinlan (Ms. Czepiel) on            
          October 23, 1982.  During their marriage, they had two children,            
          Sean and Ryan.                                                              
               On January 11, 1995, the Probate and Family Trial Court for            
          the Commonwealth of Massachusetts (Family Court) entered a                  
          judgment of divorce nisi (divorce judgment) which dissolved the             
          marriage of Mr. Czepiel and Ms. Czepiel.  In the divorce judg-              
          ment, the Family Court, inter alia, ordered (1)(a) Ms. Czepiel to           
          convey to Mr. Czepiel all of her right, title, and interest in              



               1Unless otherwise indicated, all section references are to             
          the Internal Revenue Code (Code) in effect for the year at issue.           
          All Rule references are to the Tax Court Rules of Practice and              
          Procedure.                                                                  




Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  Next

Last modified: May 25, 2011