- 3 - began an examination of the partnership at some point in the mid- 1980's as part of a national project focusing on the various partnerships of the Greenberg brothers. Respondent issued notices of final partnership administrative adjustments (FPAA's) determining adjustments to partnership items for the following partnership taxable years: Partnership Docket No.4 FPAA Date Taxable Year Petition Date 623-92 Oct. 21, 1991 1983-1987 Jan. 8, 1992 13014-92 Mar. 24, 1992 1988 June 12, 1992 15641-92 Apr. 20, 1992 1989 July 10, 1992 12062-94 Mar. 14, 1994 1990 July 11, 1994 At the time the petitions in docket Nos. 623-92, 13014-92, and 15641-92 were filed the partnership's principal place of business was located at Greenwich, Connecticut. At the time the petition in docket No. 12062-94 was filed the partnership was in 3(...continued) Sylvester Stallone. We note that whether the partnership obtained the benefits and burdens of ownership in the film is not here at issue, but has formed the basis for considerable securities litigation. See, e.g., Block v. First Blood Associates, 988 F.2d 344, 347 (2d Cir. 1993), and cases cited therein. 4 The petitions in docket Nos. 623-92, 13014-92, and 15641-92 were filed by the tax matters partner (TMP). The petition in docket No. 12062-94 was filed by notice partner Eugene C. Lipsky. Sec. 6226(b) provides in part that if the TMP does not file a petition, then any notice partner may, within 60 days after the close of the 90-day period set forth in sec. 6226(a), file a petition for readjustment of partnership items for the taxable year involved.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Next
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