Raleigh Cox and Brenda J. Cox - Page 1


                                 T.C. Memo. 2005-288                                  

                               UNITED STATES TAX COURT                                

                    RALEIGH COX AND BRENDA J. COX, Petitioners v.                     
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      

               Docket No. 11813-03.             Filed December 15, 2005.              

               Charles A. Crocker, for petitioners.                                   
               Susan Greene, for respondent.                                          

                                 MEMORANDUM OPINION                                   
               HOLMES, Judge:  Tax records are the ancient Egyptians of the           
          modern age--plagued not by boils, frogs, flies, and lice but by             
          fire, flood, mold, and theft.  The cursed tax records in this               
          case belonged to Raleigh Cox, who owned a business that fixed               
          used cars and then resold them.  When audited, Cox failed to                
          produce the records that would have supported many of his claimed           
          business deductions, and blamed their absence on a thieving                 

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