Victor & Judith A. Grigoraci - Page 2

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               Victor & Judith A. Grigoraci, pro sese.                                
               Mary Ann Waters, for respondent.                                       

                                       OPINION                                        

               THORNTON, Judge:  This case is before us on petitioners’               
          motion for reasonable litigation and administrative costs                   
          pursuant to section 7430 and Rule 231.1                                     
                                     Background                                       
               Mr. Grigoraci is a certified public accountant and the chief           
          executive officer (C.E.O.) of an accounting partnership,                    
          Grigoraci, Trainer, Wright & Paterno (GTWP).  On December 1,                
          1995, Mr. Grigoraci formed Victor Grigoraci CPA Accounting Corp.            
          as an S corporation (the S corporation) for the purpose of acting           
          as a partner (with two other corporations) in GTWP.  On their               
          1997 and 1998 joint Federal income tax returns, petitioners                 
          reported certain distributions from the S corporation,                      
          essentially representing passthroughs to Mr. Grigoraci of the S             
          corporation’s distributive shares of GTWP’s income.                         
               By notice of deficiency dated April 13, 2001, respondent               
          determined that the amounts petitioners had reported as the S               
          corporation’s distributions actually represented Mr. Grigoraci’s            


               1 Unless otherwise indicated, all section references are to            
          the Internal Revenue Code as amended, and all Rule references are           
          to the Tax Court Rules of Practice and Procedure.  All references           
          to sec. 7430 are to that section as in effect when the petition             
          was filed.                                                                  




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