Manchester Group & Subsidiaries v. Commissioner

1997 T.C. Memo. 576, 74 T.C.M. 1498, 1997 Tax Ct. Memo LEXIS 661
CourtUnited States Tax Court
DecidedDecember 31, 1997
DocketTax Ct. Dkt. No. 20509-92
StatusUnpublished

This text of 1997 T.C. Memo. 576 (Manchester Group & Subsidiaries 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
Manchester Group & Subsidiaries v. Commissioner, 1997 T.C. Memo. 576, 74 T.C.M. 1498, 1997 Tax Ct. Memo LEXIS 661 (tax 1997).

Opinion

THE MANCHESTER GROUP AND SUBSIDIARIES, FORMERLY TORREY ENTERPRISES, INC., AND SUBSIDIARIES, FORMERLY TORREY DEVELOPMENT CORPORATION AND SUBSIDIARIES, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Manchester Group & Subsidiaries v. Commissioner
Tax Ct. Dkt. No. 20509-92
United States Tax Court
T.C. Memo 1997-576; 1997 Tax Ct. Memo LEXIS 661; 74 T.C.M. (CCH) 1498;
December 31, 1997, Filed
William H. Quealy, Jr., and Alice M. Harbutte, for respondent.
J. Clancy Wilson, for petitioners.
DAWSON, JUDGE.

DAWSON

MEMORANDUM OPINION

DAWSON, JUDGE: This case was assigned to Special Trial Judge Robert N. Armen, Jr., pursuant to the provisions of section 7443A(b)(4) of the Internal Revenue Code of 1986, as amended, and Rules 180, 181, and 183. 1 The Court agrees with and adopts the Opinion of the Special Trial Judge, which is set forth below.

OPINION OF THE SPECIAL TRIAL JUDGE

ARMEN, SPECIAL TRIAL JUDGE: This case is before the Court on petitioners' Motion for Leave of Court to File Motion to Vacate or Revise Decision to Seek Litigation Costs Under Code Section 7430 (petitioners' Motion for Leave)

On December 10, 1993, the*663 Court entered a decision in this case pursuant to the agreement of the parties. Ninety-four days later, on March 14, 1994, the Court filed petitioners' Motion for Leave and lodged two additional motions submitted by petitioners, namely: (1) Motion to Vacate or Revise Decision to Seek Litigation Costs Under Code Section 7430 (petitioners' Motion to Vacate), and (2) Motion for Reasonable Litigation Costs (petitioners' Motion for Litigation Costs). 2

The issues for decision are as follows:

(1) Whether we should exercise our discretion and grant petitioners' Motion for Leave (and thereby file petitioners' Motion to Vacate); and, if so,

(2) whether we should grant petitioners' Motion to Vacate. 3

*664 Neither party requested an evidentiary hearing, and the Court concludes that such a hearing is not necessary for the proper disposition of petitioners' Motion for Leave and Motion to Vacate. We therefore decide the matter before us based on the record that has been developed to date.

Petitioners' principal place of business was in San Diego, California, at the time that the petition was filed with the Court.

BACKGROUND

In June 1992, respondent sent petitioners a notice of deficiency. In the notice, respondent determined the following deficiency and additions to tax in petitioners' consolidated income tax for the taxable year ended March 31, 1986:

Additions to tax
DeficiencySec. 6653(a)(1)Sec. 6653(a)(2)Sec. 6661(a)
$ 14,458.059$ 722,9031$ 3,614,515

Respondent also determined in the notice that petitioners were liable for additional interest under section 6621(c) by virtue of a substantial underpayment of tax attributable to a tax-motivated transaction.

The deficiency in income was essentially attributable to respondent's determination that petitioners derived substantial gain in a complex transaction involving*665 the disposition of an indirect interest in an office building.

In September 1992, petitioners filed a timely petition contesting respondent's determinations. At the same time, petitioners designated San Diego, California, as the place of trial.

The petition was subscribed by J. Clancy Wilson, the attorney who has continued to represent petitioners throughout these proceedings. Petitioners' counsel was formerly an attorney for the Tax Division of the U.S. Department of Justice. He is also certified by the State of California as a specialist in taxation law and is an experienced tax litigator.

In November 1992, an answer was filed by respondent's District Counsel Office in San Diego. Shortly thereafter, in December 1992, the case was referred to respondent's Appeals Office in San Diego for settlement consideration. Because of the amounts in controversy and the complexity of the issues, the case was assigned to a senior Appeals officer.

On September 23, 1993, while negotiations between the parties were ongoing, the Court served the parties with notice that this case would be called for trial at the Court's trial session scheduled to commence on February 28, 1994, in San Diego.

In late*666

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1997 T.C. Memo. 576, 74 T.C.M. 1498, 1997 Tax Ct. Memo LEXIS 661, Counsel Stack Legal Research, https://law.counselstack.com/opinion/manchester-group-subsidiaries-v-commissioner-tax-1997.