Condakes v. Commissioner

1968 T.C. Memo. 139, 27 T.C.M. 690, 1968 Tax Ct. Memo LEXIS 167
CourtUnited States Tax Court
DecidedJune 27, 1968
DocketDocket Nos. 4699-66 - 4705-66, 5804-66.
StatusUnpublished

This text of 1968 T.C. Memo. 139 (Condakes 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
Condakes v. Commissioner, 1968 T.C. Memo. 139, 27 T.C.M. 690, 1968 Tax Ct. Memo LEXIS 167 (tax 1968).

Opinion

John P. Condakes and Evangeline Condakes, et al. 1 v. Commissioner.
Condakes v. Commissioner
Docket Nos. 4699-66 - 4705-66, 5804-66.
United States Tax Court
T.C. Memo 1968-139; 1968 Tax Ct. Memo LEXIS 167; 27 T.C.M. (CCH) 690; T.C.M. (RIA) 68139;
June 27, 1968. Filed
Richard G. Maloney, 20 Ashburton Place, Boston, Mass., for the petitioners. J. Frost Walker, Jr., for the respondent.

TIETJENS

Memorandum Findings of Fact and Opinion

TIETJENS, Judge: The Commissioner determined deficiencies for the taxable years 1962 and 1963, for the following petitioners in the following amounts:

*13 Deficiency
Name19621963
John P. and Evangeline Con- dakes$3,841.41$4,350.40
George P. Condakes4,743.38
George P. and Crystal Con- dakes4,402.99
Leo P. and Mary Condakes3,779.584,324.39
Pauline Condakes Toumpou- ras4,493.96
George C. and Pauline Toum- pouras4,512.42
James P. Condakes4,757.405,273.28

*168 Due to the concessions made by the parties, the only issue for our decision is whether all or any portion of the stipulated fair rental value of certain leased automobiles is deductible under section 162 I.R.C. 1954, in computing the taxable income of the partnership under section 703, I.R.C. 1954.

Findings of Fact

Some of the facts have been stipulated. The stipulation and the exhibits attached thereto are incorporated herein by this reference.

John P. Condakes, George P. Condakes, Leo P. Condakes, James P. Condakes, and Pauline Toumpouras (hereinafter collectively referred to as petitioners 2 or the partners), are brothers and sister, and children of Peter Condakes, the founder of Peter Condakes Company (hereinafter sometimes referred to as the partnership or the business). The petitioners owned the business and were equal partners in it. The petitioners filed their income tax returns on a calendar year basis. The returns for the years herein in issue were filed with the district director of internal revenue, Boston, Massachusetts.

*169 During the periods in question, the partnership maintained its books and records on a fiscal year basis ending March 31, and filed its U.S. Partnership Return of Income (Form 1065), with the district director of internal revenue, Boston, Massachusetts.

For the calendar years in question (1962 and 1963), the petitioners reported on their tax returns their respective share of the profits and losses of the partnership for the fiscal years ending March 31, 1962 and March 31, 1963, respectively, in the amounts reported on the partnership return.

The petitioners, Leo P. Condakes (hereinafter sometimes referred to as Leo), and John P. Condakes (hereinafter sometimes referred to as John), filed joint Federal income tax returns with their respective wives for each of the years in question. George P. Condakes (hereinafter sometimes referred to as George), married late in 1963, and filed his individual return for the calendar year 1962 and a joint return for the calendar year 1963. Pauline Condakes Toumpouras (hereinafter sometimes referred to as Pauline), was also married in 1963, and filed her individual tax return for 1962 and a joint tax return for the calendar year 1963. James P. Condakes*170 (hereinafter sometimes referred to as James), was single during each of the calendar years 1962 and 1963, and filed his individual tax return for each of these years.

James lived with his father at 17 Washington Street, Arlington, Massachusetts. Also, until their respective marriages in 1963, George and Pauline lived with their father at the above-mentioned address which is located approximately 10 miles from the place of business of the partnership. During the years in question, Leo lived in the Jamaica Plain section of Boston, which is approximately 5 miles from the place of business of the partnership.

Peter Condakes Co. was formed on April 1, 1952, as a partnership. This partnership engaged in the wholesale fruit and vegetable business, and during the fiscal years in question had gross receipts in excess of $9,000,000. In addition, the partnership owned a substantial amount of investments in bonds and securities.

The offices and warehouse of the business were located in a building at 453 C Street, South Boston, Massachusetts, which consisted of a two-story structure containing approximately 30,000 square feet. The top floor was utilized for repacking tomatoes which had been*171 purchased green from the farm and allowed to ripen in the warehouse. These tomatoes were packaged in one-pound trays for sale to supermarkets and independent grocery stores.

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Related

Commissioner v. Flowers
326 U.S. 465 (Supreme Court, 1946)
Cohan v. Commissioner of Internal Revenue
39 F.2d 540 (Second Circuit, 1930)
Num Specialty, Inc. v. United States
257 F. Supp. 1 (W.D. Pennsylvania, 1966)

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Bluebook (online)
1968 T.C. Memo. 139, 27 T.C.M. 690, 1968 Tax Ct. Memo LEXIS 167, Counsel Stack Legal Research, https://law.counselstack.com/opinion/condakes-v-commissioner-tax-1968.