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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