Estate of Edward P. Roski, Sr., Edward P. Roski, Jr. v. Commissioner

128 T.C. No. 10
CourtUnited States Tax Court
DecidedApril 12, 2007
Docket5639-05
StatusUnknown

This text of 128 T.C. No. 10 (Estate of Edward P. Roski, Sr., Edward P. Roski, Jr. 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
Estate of Edward P. Roski, Sr., Edward P. Roski, Jr. v. Commissioner, 128 T.C. No. 10 (tax 2007).

Opinion

128 T.C. No. 10

UNITED STATES TAX COURT

ESTATE OF EDWARD P. ROSKI, SR., DECEASED, EDWARD P. ROSKI, JR., EXECUTOR, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent

Docket No. 5639-05. Filed April 12, 2007.

The estate elected to pay its tax in installments under sec. 6166(a)(1), I.R.C. (the election). R informed the estate that it would have to secure a bond equal to twice the amount of tax deferred or provide a special lien under sec. 6324A, I.R.C. (special lien), in order to qualify for the election. R’s requirement was based on a recent decision by R to make a bond or a special lien a prerequisite of the election in all cases. The estate sent R a detailed letter enumerating reasons why it was impracticable for the estate to secure a bond or a special lien and requested that R exercise his discretion and find that it was not necessary because of the minimal financial risk the estate’s circumstances posed. R sent the estate a notice of determination denying the election and explaining that the estate failed to meet the requirements for the election because it failed to provide a bond or a special lien. - 2 -

The estate filed a petition with this Court requesting relief under sec. 7479, I.R.C. The estate alleged that R abused his discretion in denying the election on the basis of the estate’s failure to provide a bond. R moved for summary judgment on the grounds that this Court does not have jurisdiction to review R’s determination because the requirement of a bond or a special lien is not within the scope of the jurisdiction granted by sec. 7479, I.R.C. The estate objected to R’s motion and filed a cross-motion for summary judgment, asking this Court to find that R has no authority to impose a bright-line security requirement and that if R had exercised his discretion properly, he would not have found a bond or a special lien to be necessary in this case.

Held: We have jurisdiction under sec. 7479, I.R.C., to review R’s determination. Nothing in the statute or its legislative history restricts our review of R’s denial of the election. R has failed to rebut the strong presumption that an action of an administrative agency is subject to judicial review.

Held, further, R has no authority to require a bond or a special lien in every case. By doing so, R is making the furnishing of security a substantive requirement of sec. 6166, I.R.C., which Congress did not intend. Further, R’s adoption of a standard that precludes the exercise of discretion is grounds to set aside R’s determination.

Robert T. Carney, for petitioner.

Scott A. Hovey, for respondent. - 3 -

OPINION

GOEKE, Judge: This matter is before the Court on the

parties’ cross-motions for summary judgment under Rules 121(a)

and 217(b)(2).1

Respondent issued a notice of determination denying the

Estate of Edward P. Roski (the estate) the election to pay

Federal estate tax in installments under section 6166. The

issues before us are: (1) Whether this Court’s jurisdiction

under section 7479 includes reviewing respondent’s determination,

which was based upon his imposition of a security requirement,

that an election may not be made under section 6166; and (2)

whether respondent abused his discretion by imposing a bright-

line requirement of a bond or a special lien for every estate

election under section 6166(a)(1). We hold that we have

jurisdiction under section 7479, and that respondent has abused

his discretion.

The following is a summary of the relevant facts that are

not in dispute. They are stated solely for purposes of deciding

the pending cross-motions for summary judgment and are not

1 All Rule references are to the Tax Court Rules of Practice and Procedure, and all section references are to the Internal Revenue Code in effect for the date of decedent’s death, unless otherwise indicated. - 4 -

findings of fact for this case. See Estate of Kahn v.

Commissioner, 125 T.C. 227, 228 (2005) (citing Fed. R. Civ. P.

52(a) and Lakewood Associates v. Commissioner, T.C. Memo.

1995-552).

Background

Edward P. Roski (decedent) died on October 6, 2000. He was

a resident of Los Angeles, California, at the time of his death.

The executor resided in California when the petition was filed.

On January 4, 2002, the executor of decedent’s estate filed

a timely Form 706, United States Estate (and Generation-Skipping

Transfer) Tax Return (the estate tax return), reporting a balance

due of $32,778,372. Attached to the estate tax return was a

Notice of Election Under Section 6166 of the Internal Revenue

Code, in which the estate elected to defer payment of the balance

on the estate tax return. On June 17, 2003, the estate filed a

supplemental Form 706 reporting a liability of $28,901,454. The

estate also amended its section 6166 election to reflect the new

balance due. Pursuant to the election, if the estate were able

to obtain the full extension, it would pay the tax due in

installments as late as the 14th anniversary of the normal due

date, which would be in 2015.2

2 Sec. 6166(a) allows an estate electing under that section to pay the tax due in installments over a 10-year period after a 5-year deferral. - 5 -

In September 2003, respondent notified the estate that he

had received the estate’s notice of election. Respondent stated

that because of the election, the estate was required to either

post a bond, or in lieu of a bond, elect to provide a special

lien under section 6324A. By letter dated September 8, 2004, the

estate requested that “the government exercise its

Congressionally mandated discretion and not require the posting

of a bond or the imposition of a Section 6324A lien in this

case.” The estate provided the following reasons.3

(1) The estate had explored the possibility of posting a

bond but was unable to find a bonding company willing to

underwrite the amount in question for the duration of the 10-year

installment payment period under section 6166(a). Further, even

if the estate were able to obtain a bond, the estate’s advisors

believed that the cost would be prohibitive.

(2) The assets of the estate are part of a well-established

family-owned business, and decedent’s only child has continued

the ownership and management of the business. The estate’s

assets consist of interests in valuable, well-managed, and

profitable active real estate and provide assurance that adequate

3 There is insufficient evidence in the record to permit the Court to evaluate the merits of the arguments the estate makes in the letter; the letter is reproduced only for purposes of establishing what information respondent was presented with in order to evaluate the necessity of a bond or a lien. - 6 -

funds will be available to pay the estate tax liability,

therefore mitigating any default risks.

(3) Edward P. Roski, Jr., the son of decedent and the

executor of the estate, is a highly respected businessman who at

all times has fulfilled his tax obligations.

(4) The Government already has security for the payment of

the estate’s deferred taxes in the form of the statutory lien

provided for under section 6324. The lien is in effect until

2010 and is a personal liability of the executor, as well as of

all the other transferees of the estate.

(5) The imposition of the special lien in lieu of a bond

would adversely affect the estate’s ability to carry on the

closely held businesses that ultimately are to provide the funds

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