Southern College of Optometry, Inc. v. Commissioner

6 T.C.M. 354, 1947 Tax Ct. Memo LEXIS 258
CourtUnited States Tax Court
DecidedMarch 31, 1947
DocketDocket No. 10556.
StatusUnpublished
Cited by2 cases

This text of 6 T.C.M. 354 (Southern College of Optometry, Inc. 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
Southern College of Optometry, Inc. v. Commissioner, 6 T.C.M. 354, 1947 Tax Ct. Memo LEXIS 258 (tax 1947).

Opinion

Southern College of Optometry, Inc. v. Commissioner.
Southern College of Optometry, Inc. v. Commissioner
Docket No. 10556.
United States Tax Court
1947 Tax Ct. Memo LEXIS 258; 6 T.C.M. (CCH) 354; T.C.M. (RIA) 47079;
March 31, 1947
F. E. Hagler, Esq., and Ed. M. Lowrance, Esq., 2804 Sterick Bldg., Memphis, Tenn., for the petitioner. John R. Stivers, Esq., for the respondent.

OPPER

Memorandum Findings of Fact and Opinion

OPPER, Judge: Respondent determined deficiencies in income tax, declared value excess-profits tax, and excess-profits tax for the years and in the amounts as follows:

Declared Value
Excess-Excess-
IncomeProfitsProfits
YearTaxTaxTax
1941$1,518.41$154.52$ 237.60
19421,068.49576.123,167.00
19431,757.04138.69

The year 1940 is also involved to the extent that petitioner claimed a net loss carry-over in the year 1941.

The sole issue is whether respondent erred in reducing the amount of various deductions claimed exclusively by petitioner and in seeking*259 to "allocate" such deductions among corporations controlled by the same interests, under the grant of authority in section 45 of the Internal Revenue Code.

Some of the facts have been stipulated.

Findings of Fact

The stipulated facts are hereby found accordingly.

Petitioner, a Tennessee corporation, was incorporated on March 3, 1939, for the purpose of conducting a school of optomertry. Its tax returns for the years involved, prepared on a cash receipts and calendar year basis, were filed with the collector's office at Nashville, Tennessee.

For a short period prior to 1939, there was an organization in Memphis, Tennessee, known as the Southern College of Optometry, which conducted a school of optometry and as an integral part thereof operated an eye clinic. Upon petitioner's incorporation, it took over the teaching functions; at the same time, by appropriate corporate action, the operation of the clinic was continued as a general welfare corporation under the name of Southern College of Optometry Clinics (hereinafter sometimes referred to as "Clinics").

In 1941 the Southern College (hereinafter sometimes referred to as "Southern") was incorporated*260 as a general welfare corporation to meet the need of providing preprofessional, academic training for students enrolled in classes conducted by petitioner. During each of the years involved Southern enrolled from 25 to 30 students. Petitioner's enrollment during each of the years averaged in excess of 120 students.

Respondent has ruled that both Clinics and Southern were tax-exempt organizations.

Dr. W. R. Cramer and his wife, Ina Cramer, owned all of petitioner's outstanding stock in the respective proportions of nine-tenths and one-tenth. Cramer was president of each of the three corporations; his wife, secretary-treasurer.

The trustees of Clinics were the Cramers, Sam Margolin, Cramer's attorney, Jack Smallridge and L. E. Beatty. The trustees of Southern were the same, except that Dr. Mark T. Crowley, Southern's dean, served in place of Margolin.

Cramer's suggestions as to operations were accepted by each of the boards.

The salary paid to Cramer by petitioner, as its president for each of the years involved, was:

1940194119421943
$8,400$5,100$4,800$4,800

In addition to his salary as president, petitioner paid Cramer a salary for teaching*261 in each of the years involved of $3,600 per annum.

Cramer's wife was paid a salary by petitioner as its secretary-treasurer, for each of the years, in the following amounts:

1940194119421943
$3,600$3,600$ 900None

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Huber Homes, Inc. v. Commissioner
55 T.C. 598 (U.S. Tax Court, 1971)

Cite This Page — Counsel Stack

Bluebook (online)
6 T.C.M. 354, 1947 Tax Ct. Memo LEXIS 258, Counsel Stack Legal Research, https://law.counselstack.com/opinion/southern-college-of-optometry-inc-v-commissioner-tax-1947.