Soloniuk v. Commissioner

1982 T.C. Memo. 339, 44 T.C.M. 160, 1982 Tax Ct. Memo LEXIS 414
CourtUnited States Tax Court
DecidedJune 16, 1982
DocketDocket No. 11449-79.
StatusUnpublished

This text of 1982 T.C. Memo. 339 (Soloniuk 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
Soloniuk v. Commissioner, 1982 T.C. Memo. 339, 44 T.C.M. 160, 1982 Tax Ct. Memo LEXIS 414 (tax 1982).

Opinion

VICTOR J. SOLONIUK AND THORA F. SOLONIUK, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Soloniuk v. Commissioner
Docket No. 11449-79.
United States Tax Court
T.C. Memo 1982-339; 1982 Tax Ct. Memo LEXIS 414; 44 T.C.M. (CCH) 160; T.C.M. (RIA) 82339;
June 16, 1982.
Gloria T. Svanas, for the petitioners.
Mark H. Howard, for the respondent.

DRENNEN

MEMORANDUM FINDINGS OF FACT AND OPINION

DRENNEN, Judge: This case was assigned to and heard by Special Trial Judge John J. Pajak pursuant to the provisions of section 7456(c) of the Internal Revenue Code*416 of 1954, 1 and Rule 180. 2 The Court agrees with and adopts the Special Trial Judge's Opinion which is set forth below.

OPINION OF THE SPECIAL TRIAL JUDGE

PAJAK, Special Trial Judge: Respondent determined a deficiency in petitioners' Federal income tax for 1976 in the amount of $11,943.00 and an addition to tax under section 6653(a) in the amount of $597.00.

The issues for decision are:

(1) whether the petitioners' establishment and operation of an Equity Trust lacked economic substance and constituted a sham transaction for purposes of the Federal income tax law;

(2) whether the assignment of a doctor's lifetime services and all earned remuneration therefrom to an Equity Trust constituted an anticipatory*417 assignment of income;

(3) whether the petitioners violated the grantor trust provisions of sections 671 through 677 by use of an Equity Trust;

(4) whether petitioners are liable for an addition to tax due to negligence or intentional disregard of rules and regulations within the meaning of section 6653(a); and

(5) whether petitioners are entitled to any deductions other than those allowed by respondent.

FINDINGS OF FACT

Some of the facts have been stipulated and are so found. The stipulation of facts and two supplemental stipulations of facts and exhibits attached to the stipulations are incorporated herein by this reference.

Petitioners resided in Loma Linda, California, at the time their petition was filed. Petitioners filed a joint individual income tax return for the taxable year 1976.

During 1976, petitioner Dr. Victor J. Soloniuk (Victor) was an anesthesiologist. Petitioner Thora F. Soloniuk (Thora) was employed as a nurse.

On June 23, 1976, Victor executed a Declaration of Trust for the V. J. Soloniuk Equity Trust (Trust). Petitioners used preprinted documents purchased from Educational Scientific Publishers (ESP) to create the Trust and take related*418 actions.

The declared purpose of the Trust was:

to accept rights, title and interest in and to real and personal properties, whether tangible or intangible, conveyed by THE CREATOR HEREOF AND GRANTOR HERETO to be the corpus of THIS TRUST. Included therein is the exclusive use of his lifetime services and ALL of his EARNED REMUNERATION ACCRUING THEREFROM, from any current source whatsoever, so that Victor J. Soloniuk (Grantor-Creator's Name) can maximize his lifetime efforts through the utilization of his Constitutional Rights; for the protection of his family in the pursuit of his happiness through his desire to promote the general welfare, all of which Victor J. Soloniuk (Grantor-Creator's Name) feels he will achieve because they are sustained by his RELIGIOUS BELIEFS.

On June 25, 1976, Victor and the other trustees executed an agreement on behalf of the Trust which stated in part that:

The Doctor [Victor], in consideration of the services performed by the Trust, shall pay to the Trust an amount equal to eighty (80) per centum of the gross income of the Doctor derived from the operation of his business, said amounts to be computed*419 and paid on a monthly basis.

Petitioners conveyed their own residence on Daisy Avenue to the Trust, and petitioners continued to live in their home after that transfer. Petitioners also purportedly transferred various pieces of real property to the Trust. Victor purportedly transferred an interest in a limited partnership to the Trust. In return petitioners received beneficial units in the Trust.

The beneficial interests were divided into 100 units by certificates, which were forms preprinted by ESP. Ownership of a beneficial certificate did not give the holder any interest of any kind in the Trust assets, management or control of the Trust. This was set forth in the certificates of beneficial interest which state that the benefits conveyed consisted solely of the "emoluments as distributed by the action of The Trustees and nothing more." The certificates were transferable and in fact various transfers of the units were made.

On June 25, 1976, a certificate of 100 units of beneficial interest in the Trust was issued to Victor. On the same day, Victor's certificate of 100 units was cancelled and each petitioner received a certificate of 50 units. On the same day, *420 these certificates were cancelled and twenty units were issued to Victor, thirty units to Thora, and 12 1/2 units were issued to each of their four children; Vickie L., Ronald G., Donald S. and Leonard Soloniuk.

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Bluebook (online)
1982 T.C. Memo. 339, 44 T.C.M. 160, 1982 Tax Ct. Memo LEXIS 414, Counsel Stack Legal Research, https://law.counselstack.com/opinion/soloniuk-v-commissioner-tax-1982.