Aero Industrial Co. v. Commissioner

1980 T.C. Memo. 116, 40 T.C.M. 147, 1980 Tax Ct. Memo LEXIS 470
CourtUnited States Tax Court
DecidedApril 14, 1980
DocketDocket Nos. 4630-77, 4631-77, 514-78.
StatusUnpublished

This text of 1980 T.C. Memo. 116 (Aero Industrial Co. v. Commissioner) is published on Counsel Stack Legal Research, covering United States Tax Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Aero Industrial Co. v. Commissioner, 1980 T.C. Memo. 116, 40 T.C.M. 147, 1980 Tax Ct. Memo LEXIS 470 (tax 1980).

Opinion

AERO INDUSTRIAL CO., INC., ET AL., 1 Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Aero Industrial Co. v. Commissioner
Docket Nos. 4630-77, 4631-77, 514-78.
United States Tax Court
T.C. Memo 1980-116; 1980 Tax Ct. Memo LEXIS 470; 40 T.C.M. (CCH) 147; T.C.M. (RIA) 80116;
April 14, 1980, Filed

*470 (1) A owned all the stock of X and two-thirds of the stock of Y. B, while married to A's daughter and living in California, a community property State, was issued the remainder of the stock of Y in consideration for his agreeing to work for X. Held, since under California law, A's daughter owner one-half of B's stock in Y, and since under sec. 1563(e)(6), I.R.C. 1954, such one-half of the stock is attributed to A, A is considered to own at least 80 percent of the stock in both X and Y; thus, X and Y were members of a controlled group of corporations within the meaning of sec. 1563(a), I.R.C. 1954.

(2) Held, X was not entitled to a deduction for auto expenses, and Y was not entitled to a deduction for a payment to A's daughter, since there was no testimony or other evidence offered to explain or substantiate the deductions.

(3) Held, X was not entitled to deductions for travel and gift expenses, since it failed to substantiate the expenses as required by sec. 274(d), I.R.C. 1954.

EDWARD @J. Eng, for the petitioners.
Jerrome N. Duncan II, for the respondent.

SIMPSON

MEMORANDUM FINDINGS OF FACT AND OPINION

SIMPSON, Judge: The Commissioner determined the following deficiencies in the petitioners' Federal income taxes:

Taxable Year
PetitionerDocket No.EndedDeficiency
Aero Industrial Co.,4630-779/30/74$ 4,833.00
Inc.514-789/30/7527,882.00
Vita-Saver,4631-7710/31/741,500.00
Incorporated514-7810/31/75103,271.00

After concessions by both parties, the issues to be decided are: (1) Whether the petitioners were members of a controlled group of Corporations within the meaning of section 1563(a)(2) of the Internal Revenue Code of 1954, 2 so that they were limited*473 to a single surtax exemption under section 1561(a); (2) whether petitioner Vita-Saver, Incorporated, was entitled to deductions for certain claimed automobile, travel, entertainment, and promotional expenses; and (3) whether petitioner Aero Industrial Co., Inc., was entitled to the deduction claimed for automobile expenses.

FINDINGS OF FACT

Some of the facts have been stipulated, and those facts are so found.

The petitioners, Aero Industrial Co., Inc. (Aero), and Vita-Saver, Incorporated (Vita), were California corporations and maintained their prinicpal places of business in Burbank, Calif., when they filed their petitions in this case. Aero filed its income tax returns on the basis of a taxable year ending September 30, and Vita, on October 31. We shall identify their taxable years by the calendar years in which they ended. Aero and Vita filed their corporate Federal income tax returns for 1974 with the Internal Revenue Service, Los Angeles, Calif., and for 1975 with the Internal Revenue Service Center, Fresno, Calif.

Aero manufactured*474 a single product, a vegetable steamer. The company was founded in 1960 and was managed principally by the husband of Edna L. Burns during its first decade of operations. On the death of her husband in October 1971, Mrs. Burns became the sole owner of Aero, but she considered that she was unable to manage the company herself. Accordingly, she sought the assistance of Glenn Braddon, who both at that time and during the years in issue, was married to Mrs. Burns' daughter, Karen. Mr. Braddon immediately moved from South Lake Tahoe, Calif., to Burbank to assist Mrs. Burns in running Aero. In consideration for his move and his work with the company, Mrs. Burns informally promised to give Mr. Braddon shares of Aero stock.

In 1972, Mrs. Burns fulfilled her commitment to Mr. Braddon, but in lieu of transferring Aero stock to him, she formed Vita and had one-third of its stock issued to him. Mrs.

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Bluebook (online)
1980 T.C. Memo. 116, 40 T.C.M. 147, 1980 Tax Ct. Memo LEXIS 470, Counsel Stack Legal Research, https://law.counselstack.com/opinion/aero-industrial-co-v-commissioner-tax-1980.