INVERWORLD, INC. v. COMMISSIONER

Docket Nos. 27089-90, 27090-90, 3441-93, 3442-93, 3443-93, 3444-93.

71 T.C.M. 3231 (1996)

T.C. Memo. 1996-301

InverWorld, Inc. et al. v. Commissioner.

United States Tax Court.

Filed June 27, 1996.


Attorney(s) appearing for the Case

Turner P. Smith, New York, N.Y., Nancy E. Delaney, and Robert D. Whoriskey, for the petitioner in Docket No. 27089-90. Turner P. Smith, Nancy E. Delaney, T. Barry Kingham, and Robert D. Whoriskey, for the petitioner in Docket No. 27090-90. Turner P. Smith, New York, N.Y., and Nancy E. Delaney, for the petitioners in Docket Nos. 3441-93, 3442-93, 3443-93, and 3444-93. Jill Frisch, Peter J. Graziano, and Maria Stabile, for the respondent.


Contents

                                                                                       [CCH
                                                                                       Pages]
  I.   STATEMENT OF ISSUES .......................................................     3237
      A.  Issues With Respect to LTD ...............................................     3237
      B.  Issues With Respect to INC ..........................................

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