Overhead Door Co. v. Commissioner

1982 T.C. Memo. 39, 43 T.C.M. 406, 1982 Tax Ct. Memo LEXIS 706
CourtUnited States Tax Court
DecidedJanuary 29, 1982
DocketDocket Nos. 1674-79, 1675-79.
StatusUnpublished

This text of 1982 T.C. Memo. 39 (Overhead Door Co. 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
Overhead Door Co. v. Commissioner, 1982 T.C. Memo. 39, 43 T.C.M. 406, 1982 Tax Ct. Memo LEXIS 706 (tax 1982).

Opinion

OVERHEAD DOOR COMPANY OF ALBUQUERQUE, INC., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent; WINDSOR DOOR SALES, INC., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Overhead Door Co. v. Commissioner
Docket Nos. 1674-79, 1675-79.
United States Tax Court
T.C. Memo 1982-39; 1982 Tax Ct. Memo LEXIS 706; 43 T.C.M. (CCH) 406; T.C.M. (RIA) 82039;
January 29, 1982.

*706 To determine whether the 80-percent test of sec. 1563(a)(2)(A), I.R.C. 1954, was satisfied, respondent included in his calculations the stock of a shareholder who did not own stock in all of the corporations in the alleged controlled group. Held, consideration of stock of one who does not own stock in each of the members of a group of corporations is improper for purposes of applying the 80-percent test of sec. 1563(a)(2)(A), I.R.C. 1954. United States v. Vogel Fertilizer Co., 455 U.S.     (Jan. 13, 1982), followed.

George A. Dubois, for the petitioners.
Gary A. Benford, for the respondent.

STERRETT

MEMORANDUM OPINION

STERRETT, Judge: Respondent determined the following deficiencies in petitioner's Federal income taxes in notices*708 dated November 15, 1978:

DocketTaxable year
No.Petitionerended Dec. 31,Deficiency
1674-79Overhead Door Company1974$ 3,250.00
of Albuquerque, Ind.19756,800.16
1675-79Windsor Door Sales, Inc.19743,249.80
19755,538.68

The only issue for our decision is whether petitioners were members of a controlled group of corporations, as that term is defined under section 1563(a)(2), I.R.C. 1954, during the taxable years in issue.

These consolidated cases were submitted under Rule 122, Tax Court Rules of Practice and Procedure. Hence, all of the facts have been stipulated and are so found. The stipulation of facts and the exhibits attached thereto are incorporated herein by this reference.

Petitioners Overhead Door Company of Albuquerque, Inc. (Overhead Door) and Windsor Door Sales, Inc. (Windsor Door) were New Mexico corporations with their principal places of business in Albuquerque, New Mexico. Petitioners timely filed their Federal income tax returns for the calendar years 1974 and 1975 with the Director, Internal Revenue Service Center, Austin, Texas.

Petitioner Overhead Door Company of Albuquerque, Inc. was incorporated*709 in 1969. Its principal business activity during the years in issue was the installation of doors for residential and commercial uses. Of the 513 shares of outstanding stock of the petitioner, 100 percent was owned by William D. Sirkel.

Petitioner Windsor Door Sales, Inc. was incorporated in 1971. During the entirety of the years in issue, all of the issued and outstanding stock of Windsor Door was owned 1 as follows:

Number ofPercentage of outstanding
Shareholdershares ownedshares owned
William D. Sirkel50969.4
Carl Sartor22430.6
Total733100.0

For the taxable years 1974 and 1975 each of the petitioners claimed a full surtax exemption under section 11(d). Neither Overhead Door nor Windsor Door adopted or filed any allocation or apportionment plan of the allowable corporate surtax exemption under section 1561.

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1982 T.C. Memo. 39, 43 T.C.M. 406, 1982 Tax Ct. Memo LEXIS 706, Counsel Stack Legal Research, https://law.counselstack.com/opinion/overhead-door-co-v-commissioner-tax-1982.