Cardinal States Gathering v. Commissioner , 1999 U.S. Tax Ct. LEXIS 62 ( 1999 )

CARDINAL STATES GATHERING COMPANY, POCAHONTAS GAS PARTNERSHIP, TAX MATTERS PARTNER, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent.

Cardinal States Gathering v. Commissioner

Docket No. 12134-98

United States Tax Court

1999 U.S. Tax Ct. LEXIS 62;

June 3, 1999, Entered

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Counsel for Petitioner: DENNIS P. BEDELL, MILLER & CHEVALIER, CHARTERED, Washington, D.C.

ROBERT M. MORRISON, Special Trial Attorney, Dallas, Texas.

Cohen, Chief Judge

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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 Cardinal States Gathering Company for the taxable year ending December 31, 1992:

Partnership Item	As Reported	As Determined
Depreciation -
Gathering System	$ 5,878,385.00	$ 5,878,385.00
Right-Of-Way	101,242.00	23,592.00
AMT - Depreciation Adj.	3,736,742.00	3,673,476.00
ACE - Depreciation Adj.	748,397.00	735,724.00

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

It is further stipulated that Pocahontas Gas Partnership is the Tax Matters Partner for Cardinal States Gathering Company and that Conoco, Inc. is the Tax Matters Partner for Pocahontas Gas Partnership.

It is further stipulated that the undersigned Tax Matters Partner of Cardinal States Gathering Company, for the taxable year ending December 31, 1992, by executing this stipulation, consents to the entry of the foregoing decision in this case and certifies that no party objects.

Conoco, Inc.

for Pocahontas Gas Partnership

RICHARD A. SHERRY

General Manager,

Tax and Chief Tax Officer

STUART L. BROWN

Chief Counsel

Internal Revenue Service