Bass v. Commissioner

1983 T.C. Memo. 228, 45 T.C.M. 1411, 1983 Tax Ct. Memo LEXIS 558
CourtUnited States Tax Court
DecidedApril 26, 1983
DocketDocket No. 659-80.
StatusUnpublished

This text of 1983 T.C. Memo. 228 (Bass 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
Bass v. Commissioner, 1983 T.C. Memo. 228, 45 T.C.M. 1411, 1983 Tax Ct. Memo LEXIS 558 (tax 1983).

Opinion

LaVERNE C. BASS, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Bass v. Commissioner
Docket No. 659-80.
United States Tax Court
T.C. Memo 1983-228; 1983 Tax Ct. Memo LEXIS 558; 45 T.C.M. (CCH) 1411; T.C.M. (RIA) 83228;
April 26, 1983.
Charles E. Purdy and Edward V. Brennan, for the petitioner.
Karen J. Simonson, for the respondent.

RAUM

MEMORANDUM FINDINGS OF FACT AND OPINION

RAUM, Judge: The Commissioner determined a $16,765 deficiency in petitioner's 1974 Federal income tax, as well as a $4,191 addition to tax under section 6651(a), I.R.C. 1954, for late filing of petitioner's 1974 return. The essential matter in dispute is whether petitioner is accountable for any portion of the 1974 income of Bass Chemical Company, a business owned as community property by petitioner and her husband James V. Bass, from whom she was separated throughout 1974.

FINDINGS OF FACT

Included herein by reference are the facts set forth in a "Stipulation of Facts" attached to respondent's First Request for Admissions which were admitted*559 by petitioner in her answer to the request, together with the exhibits attached to that "stipulation".

Petitioner was a resident of LaJolla, California, at the time her petition was filed. Her 1974 Federal income tax return, dated February 15, 1977, was signed on her behalf by Alfred R. Milton as "Power of Attorney". It was received by the Los Angeles District Director on February 16, 1977.

Petitioner married James V. Bass (James) on September 13, 1942. In 1960, they founded Bass Chemical Co. (BCC) with community assets and thereafter held and operated it as community property. BCC was a wholesale chemical distributorship; it purchased ehemicals from suppliers throughout the United States and re-sold them to industrial customers in San Diego and the surrounding area, including Mexico. BCC was essentially merely a jobber or distributor, and any required technical assistance was provided by the chemical manufacturers from whom it purchased its inventory. Its business premises were owned by petitioner and James as community property. It carried a substantial inventory. James was the "managing force" in the operation of BCC, and he supervised the work of a staff of some ten employees*560 including several "key" personnel.

Petitioner worked at BCC from its founding until shortly after she separated from James in October 1972. At first she participated with him in soliciting new customers, but after about 1970 her duties were limited to bookkeeping, taking telephone orders, and waiting on "walk-in" customers.

James was involved in all phases of BCC's operations. During 1974, however, the litigation concerning his divorce from petitioner absorbed much of his time and energy, and he relied to a greater extent on key employees, who handled the daily operations (including solicitation of new customers) under his general supervision.

Petitioner and James did not cohabitate at any time during 1974. On November 21, 1974, the Superior Court of California for the County of San diego entered an interlocutory judgment concluding that petitioner and James were entitled to have their marriage dissolved. This judgment also provided for division of the community property, and set forth 28 separate items of community property, most of them of substantial value. The 27th item, listed as "(aa)" in paragraph 5 of that court's findings, consisted of "Inventory and assets" of*561 BCC on which was placed a value of $400,000 followed by a question mark. The real estate on which BCC's business was conducted was separately listed as item (e) and valued at $114,190.

Further in respect of BCC the superior court made the following findings:

12. That [James] has been the managing force in the operation of Bass Chemical Company; that [James] does not desire that the Court award Bass Chemical Company to him; that [Petitioner] failed to show that the Court's awarding of Bass Chemical Company to her would be in her best interests.

13. That the business commonly known as Bass Chemical Company be sold and that the net proceeds be held in trust by [James'] attorney subject to the Court's approval of a final distribution.

14. That the net proceeds from the sale of Bass Chemical Company be used to equalize the division of property after the payment of certain debts and fees as hereinafter set forth.

15. That, pending the sale of Bass Chemical Company, [James] shall continue to operate and manage said business exercising his best business judgment in all transactions; that [James] and [petitioner] and their respective counsel take all steps necessary*562

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Bluebook (online)
1983 T.C. Memo. 228, 45 T.C.M. 1411, 1983 Tax Ct. Memo LEXIS 558, Counsel Stack Legal Research, https://law.counselstack.com/opinion/bass-v-commissioner-tax-1983.