Chickie's & Pete's Inc. v. Comm'r

2005 T.C. Memo. 243, 90 T.C.M. 399, 2005 Tax Ct. Memo LEXIS 242
CourtUnited States Tax Court
DecidedOctober 17, 2005
DocketNo. 6354-04
StatusUnpublished

This text of 2005 T.C. Memo. 243 (Chickie's & Pete's Inc. v. Comm'r) 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
Chickie's & Pete's Inc. v. Comm'r, 2005 T.C. Memo. 243, 90 T.C.M. 399, 2005 Tax Ct. Memo LEXIS 242 (tax 2005).

Opinion

CHICKIE'S AND PETE'S, INC., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Chickie's & Pete's Inc. v. Comm'r
No. 6354-04
United States Tax Court
T.C. Memo 2005-243; 2005 Tax Ct. Memo LEXIS 242; 90 T.C.M. (CCH) 399;
October 17, 2005, Filed
*242 Harry C. Citrino, Jr., for petitioner.
Gerald A. Thorpe, for respondent.
Chiechi, Carolyn P.

CAROLYN P. CHIECHI

MEMORANDUM FINDINGS OF FACT AND OPINION

CHIECHI, Judge: Respondent determined a deficiency of $ 304,328 in petitioner's Federal income tax for the taxable year ended June 30, 2000 (year at issue).

We must decide whether petitioner is entitled to deduct for the year at issue the portion of a $ 902,476 payment that it made to its sole stockholder and officer in excess of the amount of such payment that respondent concedes petitioner may deduct. 1 We hold that it is not.

FINDINGS OF FACT

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

At the time of the filing of the petition in this case, petitioner's principal place of business was in Philadelphia, Pennsylvania.

In May 1999, the name "Chickie's and Pete's" was registered with the United States Patent and Trademark Office*243 (U.S.Patent and Trademark office). 2 On or about September 1, 1999, petitioner began operating a bar/restaurant under that name on Roosevelt Avenue in Philadelphia, Pennsylvania (Philadelphia). At all relevant times, Peter Ciarrocchi, Jr. (Mr. Ciarrocchi), was petitioner's sole stockholder and officer, as well as the sole stockholder and officer of 4010, Inc., which operated a bar/restaurant under the name "Chickie's and Pete's" on Robbins Avenue in Philadelphia.

On April 12, 1999, 4010, Inc., and Ogden Entertainment, Inc. (Ogden), which was operating food and beverage concessions at Veterans Stadium in Philadelphia (Ogden's Veterans Stadium concessions), entered into a license agreement (Ogden license agreement). That agreement provided in pertinent part:

   WHEREAS, Licensee [Ogden] operates the food and beverage

   concessions at Veterans Stadium in Philadelphia, *244 Pennsylvania

   ("Veterans Stadium");

   WHEREAS, Licensee desires the right to use the Trademark [i.e.,

   "CHICKIE'S & PETE'S" and the goodwill associated

   therewith] and the recipes and menu items developed, formulated

   and tested by Licensor [4010, Inc.] (such recipes and menu items

   being the "Licensed Rights") at its location at 4010

   Robbins Avenue, Philadelphia * * * to identify the goods and

   services being licensed to Licensee under this Agreement (the

   "Business"); and

   WHEREAS, Licensor is willing to grant to Licensee a non-

   exclusive license to use the Trademark and the Licensed Rights

   in the identification and operation of Licensee's Business

   pursuant to the provisions contained in this Agreement.

   NOW, THEREFORE, in consideration of the mutual covenants and

   promises hereinafter set forth, the parties, intending to be

   legally bound, hereby agree as follows:

     1. Grant of License.

   (a) Licensor hereby grants to Licensee, subject to the

   provisions of this Agreement, the non-exclusive license to use

   the*245 Trademark and such other variations of the Trademark as may

   be authorized by Licensor in the operation of a food service

   business together with the Licensed Rights only at * * *

   Veterans Stadium (the "License"). * * *

   (b) Except as set forth in Paragraph 1(a) above, this Agreement

   shall in no way limit Licensor's use of the Trademark or the

   Licensed Rights in its current operation or in any future

   endeavor which Licensor may pursue or desire to pursue,

   including but not limited to, operating or licensing others to

   operate Chickie's & Pete's concessions in any other stadium,

   arena or other similar venue.

   (c) In consideration for the granting of this License, Licensee

   shall make the following payments to Licensor at the times and

   in the manner set out below:

     (i) Licensee shall pay a one-time fee of Ten Thousand

     Dollars ($ 10,000.00) as an initial License fee which fee

     shall be paid no later than the execution of this

     Agreement, at which time it shall be deemed fully earned,

     due and payable. *246 The initial License Fee is not refundable

     under any circumstances.

     (ii) As a continuing fee ("Royalty") on or before

     Tuesday of each week during the term of this Agreement,

     Licensee shall pay to Licensor a sum equal to eleven

     percent (11%) of the Gross Sales for the seven (7) day

     period ending at the close of business on the Sunday

     preceding such Tuesday.

        (A) The term "Gross Sales" means all of

        Licensee's receipts from operations, sales, charges,

        fees, orders taken, services, concessions, business

        interruption insurance and all other revenues of any

        kind and nature, whether for cash or credit, in, from,

        about or by reason of the operation of Licensee's

        Business under the Trademark and Licensed Rights but

        excludes inter-company transfers, bona fide credits

        and refunds upon return of merchandise, discounts,

        tips, the value of any coupon, voucher*247 or allowance

        issued or granted to a customer of a restaurant in

        furtherance of any promotional program and which is

        received and credited in full or partial payment for

        products or services sold at the Business and amounts

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Bluebook (online)
2005 T.C. Memo. 243, 90 T.C.M. 399, 2005 Tax Ct. Memo LEXIS 242, Counsel Stack Legal Research, https://law.counselstack.com/opinion/chickies-petes-inc-v-commr-tax-2005.