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Citimark Management, Inc.
During the years at issue, petitioner was also president of
CMI, an Indiana corporation established in 1982, which had in
effect an election to be treated as an S corporation. CMI
entered into agreements with Citimark to provide property
management services to the buildings owned by the partnerships.
Mrs. Carlstedt was secretary of CMI, as well as a property
manager. CMI also employed leasing agents whose job it was to
find prospective tenants for Citimark-owned buildings.
Citimark Communications, Inc.
CCI is an Indiana corporation formed by petitioners in 1989.
In 1990 and 1991, petitioner owned 32 percent of the stock of CCI
and was treasurer and a director of the company. James
Eiteljorg, Roger Eiteljorg, Dickman, and David Berry owned the
balance of the stock and, with the exception of Dickman, were
officers of the company. CCI had elected to be treated as an S
corporation during the years in issue.
In 1990 and 1991, CCI sold telecommunications services and
equipment both to third parties and to tenants housed in the
buildings owned by the Citimark partnerships. CCI had two full-
time employees; neither of the petitioners was a full-time
employee of that corporation.
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