Terry J. & Chrisse J. Welle v. Commissioner

140 T.C. No. 19

UNITED STATES TAX COURT TERRY J. WELLE AND CHRISSE J. WELLE, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 156-11. Filed June 27, 2013. P-H is the sole shareholder of TWC, a subch. C corporation. Ps used TWC to facilitate the construction of their lakefront home in that TWC kept track of construction costs and TWC’s framing crew framed the home. Ps, however, personally hired the subcontractors and ordered building supplies from the vendors in TWC’s name. Ps reimbursed TWC for its costs, including overhead, but did not pay TWC an amount equal to the…