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Beech Trucking
During the years at issue, Beech Trucking was an S
corporation within the meaning of section 1361(a)(1). Arthur
Beech (petitioner) was the tax matters person. When the petition
for readjustment was filed, Beech Trucking had its principal
office in North Little Rock, Arkansas.
During the years at issue, Beech Trucking had six
shareholders. As of yearend 1996, their ownership percentages
were as follows:1
Ownership
Shareholder percentage
Arthur Beech 55.333
Ed Harvey 26.000
Ralph Bradbury 16.667
Diane Miller .667
James Willbanks .667
Warren Garrison .667
Petitioner was president of Beech Trucking, Ed Harvey (Harvey)
was vice president, and Ralph Bradbury was secretary-treasurer.
Beech Trucking operated as an irregular-route, common
carrier transporting general commodities within the midwestern
and southern United States. During 1995 and 1996, it had one
terminal in Little Rock, Arkansas, and another in Nashville,
Tennessee. During 1995 and 1996, Beech Trucking owned and
1 The record suggests that there may have been minor
fluctuations in the ownership percentages of these six
shareholders during the course of the years at issue. Any such
fluctuations are immaterial to the results reached herein.
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Last modified: May 25, 2011