On January 21, 2021, the Tax Court issued a Memorandum Opinion in the case of Aspro Inc. v. Commissioner (T.C. Memo. 2021-8). The sole issue presented in Aspro Inc. v. Commissioner was whether the petitioner was entitled to deductions for management fees paid to three shareholders. Background to Aspro Inc. v. Commissioner I find the petitioner suspect.  First off, it is an Iowa C corporation, but it is not involved with the production or processing of corn.  Strike one, Aspro.  Second, the fine founders of the company actually chose the name "As[s]pro."  Apparently, there are no marketing interns in Iowa who used to be a 12 year old boy, who might have seen the flaw in this nomenclature.  Strike two, As[hats]. Instead of making corn flakes or good decisions, the petitioner operated two stationary asphalt plants in Iowa and was limited to projects in the surrounding counties. Most of petitioner’s revenue…