T.C. Memo. 2005-16
UNITED STATES TAX COURT
CMA CONSOLIDATED, INC. & SUBSIDIARIES, INC., Petitioners v.
COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 12746-01. Filed January 31, 2005.
George W. Connelly, Jr., Linda S. Paine, and William O.
Grimsinger, for petitioners.
Mary E. Wynne and Caroline Tso Chen, for respondent.
CONTENTS
Page
Introduction and Statement of Issues........................ 3
Findings of Fact............................................ 5
I. The Two Lease Strip Deals.............................. 6
A. Background......................................... 6
B. First Lease Strip Deal............................. 11
C. Second Lease Strip Deal............................ 19
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Last modified: May 25, 2011