MARINE CONTRS. & SUPPLY v. COMMISSONER

1982 T.C. Memo. 22, 43 T.C.M. 305, 1982 Tax Ct. Memo LEXIS 724
CourtUnited States Tax Court
DecidedJanuary 13, 1982
DocketDocket No. 9523-78.
StatusUnpublished

This text of 1982 T.C. Memo. 22 (MARINE CONTRS. & SUPPLY v. COMMISSONER) 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
MARINE CONTRS. & SUPPLY v. COMMISSONER, 1982 T.C. Memo. 22, 43 T.C.M. 305, 1982 Tax Ct. Memo LEXIS 724 (tax 1982).

Opinion

MARINE CONTRACTORS AND SUPPLY, INC., Petitioners v COMMISSONER OF INTERNAL REVENUE, Respondent
MARINE CONTRS. & SUPPLY v. COMMISSONER
Docket No. 9523-78.
United States Tax Court
T.C. Memo 1982-22; 1982 Tax Ct. Memo LEXIS 724; 43 T.C.M. (CCH) 305;
January 13, 1982.

*724 X was the chief executive officer of P and X's wife and son owned both directly and indirectly all of the stock of P. X was also the sole individual general partner of certain limited partnerships and the chief executive officer of the only corporate general partner of the partnerships. P paid commission expenses of the limited partnerships owed to agents who sold partnership interests to outside investors. P acquired oil and gas drilling contracts from the limited partnerships with funds therefor coming from all the invested funds. Held: the acquisition of drilling contracts by P from the limited partnerships resulted from X's dominance over all the relevant entities. Thus, commissions paid by P but owed by the partnerships to selling agents were not an ordinary and necessary expense of P in the pursuit of its business. Held further: the commissions paid to selling agents were in essence nondeductible syndication fees of the partnerships. Accordingly, deductions for the commissions are disallowed when paid by P by virtue of X's dominance over P and the partnerships.

Alvin L. Freeman, for the petitioner.
David W. Johnson, for the respondent.

IRWIN

MEMORANDUM FINDINGS OF FACT AND OPINION

IRWIN, Judge: Respondent determined a deficiency of $ 78,712 in petitioner's 1974 Federal income tax. Due to concessions of petitioner, the sole issue presented for our determination is whether commission expenses paid by petitioner were ordinary and necessary business expenses of the petitioner pursuant to section 162. 1

*726 FINDINGS OF FACT

Some of the facts have been stipulated. These facts, together with the exhibits attached thereto are incorporated herein by this reference.

Petitioner, Marine Contractors and Supply, Inc., had its principal place of business in Houston, Texas, at the time its petition in this case was filed. The corporation filed its 1974 Federal income tax return with the Director, Internal Revenue Service Center, Austin, Texas.

The petitioner is a Texas corporation engaged in contract drilling of oil and gas wells and related services. During 1974 Roger H. Evans, Jr., was the president and chief executive officer of the petitioner. The shareholders of the petitioner were Roger Evans, Jr.'s wife and son and a corporation known as Marlin Laboratories, Inc., which was wholly-owned by the wife of Roger Evans, Jr. During the year in issue, Roger Evans, Jr., and the Phoenix Energy Company (PEC) were the two general partners of each of the following oil and gas limited partnerships:

(1) Phoenix Development Fund 74-1

(2) Phoenix Development Fund 74-2

(3) Phoenix Development Fund 74-3

(4) Phoenix Development Fund 74-4

(5) Phoenix Development Fund 74-R

(6) Phoenix*727 Development Fund 74-K

Roger was the president and chief executive officer of PEC while his wife, Ann Evans, was the sole stockholder of the company.

To procure financing for the operations of the partnerships, selling agents corresponded with the general partner, PEC, concerning the selling of partnership interests in each of the oil and gas limited partnerships. After having secured an investor-limited partner for limited partnership, the selling agent sent the gross amount received from the investor-limited partner as the investor's subscription, to the general partner, PEC. Upon receipt of the gross subscription by PEC, the petitioner issued a check on its own corporate bank account to the selling agent in payment of his commission which would be no greater than 10 percent of the gross subscription. There were no express agreements, invoices or bills between petitioner and the limited partnerships concerning the commission expenses paid by petitioner for the services of the selling agents in procuring capital for partnership operations from investors. However, Roger Evans, Jr., as a general partner of the limited partnerships and chief executive officer of both PEC, the other*728 general partner, and the petitioner, entered into agreements with the selling agents that petitioner would pay the commission expenses.

Roger Evans, Jr., was the organizer of the six oil and gas limited partnerships involved herein. From their inception it was intended that petitioner would be the drilling contractor for partnership operations. The various limited partnerships executed "turnkey" drilling contracts with petitioner, i.e., contracts which obligated the contractor to perform all the services and furnish all the materials applicable to drilling and completing a well. The basic steps for financing the drilling operation involved the following:

(1) Petitioner estimated the costs of drilling a well.

(2) The number of wells to be drilled was calculated by reference to the total funds contributed by investors to the limited partnership.

(3) The limited partnerships were invoiced during 1974 by petitioner for prepaid expenses designated as "drilling costs," "completion costs" and "plug and abandonment costs" in the following total amounts:

Limited PartnershipAmount Invoiced
Phoenix Development Fund 74-1$ 1,339,720.61
Phoenix Development Fund 74-21,624,528.23
Phoenix Development Fund 74-31,644,500.00

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Bluebook (online)
1982 T.C. Memo. 22, 43 T.C.M. 305, 1982 Tax Ct. Memo LEXIS 724, Counsel Stack Legal Research, https://law.counselstack.com/opinion/marine-contrs-supply-v-commissoner-tax-1982.