Robert L. Whitmire - Page 1

                                   109 T.C. No. 13                                     


                               UNITED STATES TAX COURT                                 


                          ROBERT L. WHITMIRE, Petitioner v.                            
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                       


               Docket No.  21849-84.            Filed October 29, 1997.                


                    Held:  Notwithstanding the recourse nature of a                    
               third-party bank loan, due to various loss-limiting                     
               features associated with a computer equipment leasing                   
               transaction, petitioner is not to be regarded as at                     
               risk under sec. 465, I.R.C., with regard to related                     
               partnership debt obligations.                                           


               Stephen D. Gardner, for petitioner.                                     
               Elizabeth P. Flores, Martin L. Shindler, Marcie B. Harrison,            
          Brian J. Condon, Victoria J. Kanrek, and David A. Williams, for              
          respondent.                                                                  







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