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Stephen J. Jozwiak, for petitioners in docket Nos. 13364-89,
14112-89, 17236-89, 26434-89, 27614-90, 22407-91, 22496-91,
25519-91, 27125-91, 9950-92, 10897-93, and 23719-93.
Fred Bryen (an officer), for petitioners in docket Nos.
14819-91, 14820-91, 3453-92, 3456-92, 3457-92, 3461-92, 3462-92,
3551-92, and 3221-93.
John E. Becker, Jr., James C. Fee, Jr., and Joseph M. Abele,
for respondent.
CONTENTS
Subject Page
Issues.................................................. 7
FINDINGS OF FACT........................................ 8
Background.............................................. 9
MIT 80.................................................. 12
Formation of MIT 80................................ 12
Investors in MIT 80................................ 13
Organization and Management of MIT 80.............. 13
MIT 80 Employee Leasing Arrangement................ 14
Operation of MIT 80................................ 17
Petitioner Crescenzo's Deduction of MIT 80
Partnership Loss................................. 21
Post-1980 Transactions of MIT 80................... 21
Illustration No. 1................................. 24
Purported Transactions--MIT 80..................... 25
Termination Agreement of MIT 80.................... 26
Partnership Income of MIT 80....................... 28
MIT 82.................................................. 31
Formation of MIT 82................................ 31
Investors in MIT 82................................ 31
Organization and Management of MIT 82.............. 33
MIT 82 Employee Leasing Agreement.................. 35
Operation of MIT 82................................ 36
Individual Petitioners’ Deductions of
Partnership Loss................................. 39
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Last modified: May 25, 2011