Howard T. Owens, Jr., and Ann E. Owens - Page 9

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          Commissioner, 111 T.C. 250, 255 (1998); Schoof v. Commissioner,             
          110 T.C. 1, 11 (1998); Clark v. Commissioner, 101 T.C. 215, 224-            
          225 (1993); Swihart v. Commisioner, T.C. Memo. 1998-407; Pulliam            
          v. Commissioner, T.C. Memo. 1996-354; Roundy v. Commissioner,               
          T.C. Memo. 1995-298, affd. 122 F.3d 835 (9th Cir. 1997).  The               
          explicit and detailed inclusion of specific exceptions as part of           
          the statutory scheme itself suggests that other liberties should            
          not be indiscriminately inserted through the judicial process.              
          Cf. Larotonda v. Commissioner, 89 T.C. 287 (1987) (interpreting             
          former section 72(m)(5), a penalty provision without the list now           
          contained in section 72(t)(2), and largely limited to its facts             
          by our subsequent holding in Aronson v. Commissioner, 98 T.C. 283           
          (1992)).                                                                    
               This impression is further buttressed by legislative                   
          history.  The 10-percent additional tax provision designated                
          section 72(t) was enacted as part of the Tax Reform Act of 1986,            
          Pub. L. 99-514, sec. 1123, 100 Stat. 2472.  Committee reports               
          accompanying the statute’s passage reflect that the exceptions              
          given were a deliberate and considered part of the development of           
          section 72(t).  See H. Rept. 99-426, at 727-731 (1985), 1986-3              
          C.B. (Vol. 2) 1, 727-731; S. Rept. 99-313, at 611-617 (1986),               
          1986-3 C.B. (Vol. 3) 1, 611-617; H. Conf. Rept. 99-841, at II-452           
          to II-458 (1986), 1986-3 C.B. (Vol. 4) 1, 452-458.  Also, any               
          over-broadening of the grounds for exception could thwart the               






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