VISION INFORMATION SERVICES, L.L.C. v. COMMISSIONER

Docket No. 1750-01.

87 T.C.M. 1043 (2004)

T.C. Memo. 2004-53

Vision Information Services, L.L.C., Irene Correia, Tax Matters Partner v. Commissioner.

United States Tax Court.

Filed March 8, 2004.


Attorney(s) appearing for the Case

Joseph Galasso, Jr., for the petitioner.

Greg Okwuosah and Robert Heitmeyer, for the respondent.


MEMORANDUM FINDINGS OF FACT AND OPINION

LARO, Judge:

Petitioner petitioned the Court under section 6226 to readjust partnership items adjusted by respondent. Following the parties' concessions, we must decide whether Vision Information Services, L.L.C. (Vision), sold or instead licensed certain intellectual property to Twentieth Century Fox (FoxVideo). Respondent determined and argues that Vision licensed the property to FoxVideo and, hence, that payments...

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