Hall Approved Free Access to American Case Law
United States Tax Court, 1999

C&L Processors v. Commissioner

C&L Processors v. Commissioner
United States Tax Court · Decided June 3, 1999
1999 U.S. Tax Ct. LEXIS 63 (United States Reports)
C&L Processors v. Commissioner

Opinion

C&L PROCESSORS PARTNERSHIP, CONOCO, INC., TAX MATTERS PARTNER, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.
C&L Processors v. Commissioner
12135-98
United States Tax Court
1999 U.S. Tax Ct. LEXIS 63;
June 3, 1999, Entered
*63 Counsel for Petitioner: DENNIS P. BEDELL, MILLER & CHEVALIER, CHARTERED, Washington, D.C.
Special Trial Attorney: ROBERT M. MORRISON, Dallas, Texas.
Cohen, Chief Judge.
COHEN
DECISION

Pursuant to Rule 248(a) of the Tax Court Rules of Practice and Procedure, it is

ORDERED and DECIDED: That the following shows the adjustments to the partnership items of the C&L Processors Partnership for the taxable year ending December 31, 1992:

Partnership ItemAs ReportedAs Determined
Depreciation$ 9,902,306.00$ 9,902,306.00
Operating Expenses6,437,935.006,354,153.00
Depreciation -
Capitalized expenses:-0-7,395.00
AMT - Depreciation Adj.6,026,834.006,030,139.00
ACE - Depreciation Adj.1,207,055.001,207,717.00

* * * * *

It is stipulated that the Court may enter the foregoing decision pursuant to Tax Court Rule 248(a).

It is further stipulated that Conoco, Inc. is the Tax Matters Partner for C&L Processors Partnership.

It is further stipulated that the undersigned Tax Matters Partner of C&L Processors Partnership for the taxable year ending December 31, 1992, by executing this stipulation, *64 consents to the entry of the foregoing decision in this case and certifies that no party objects.

CONOCO INC.,

RICHARD A. SHERRY

General Manager,

Tax and Chief Tax Officer

Date: 5/27/99

STUART L. BROWN

Chief Counsel

Internal Revenue Service

Case-law data current through December 31, 2025. Source: CourtListener bulk data.