-152-
Partnership apparently was not informed of the transfer and
continued to make partnership distributions to IRA. Petitioners’
Reply Brief at 534.
k. Payments to Essex Partnership and Essex Partnership
Distributions
During 1982 to 1988, Essex Partnership reported that it
received or accrued commission/consulting fee payments from GHM
and MHM as follows:
Year GHM MHM Exhibits
1982 $234,170 $104,121 9074, at 2, acct. Nos.
400100 and 400200
1983 222,557 235,718 707, at 1; Exh. 678,
statement 1
1984 268,663 242,116 726, 353
1985 225,487 230,847 4010, 354, statement 1
1986 68,000 123,089 4011, 355, statement 1
1987 172,963 388,632 837, 356
1988 142,761 238,889 828, 357
Total 1,334,601 1,563,412
For the 1989 taxable year, Essex Partnership reported $293,261 in
total income from consulting fees from MHM and GHM. Exh. 358,
supporting schedule at 1.
For the taxable years 1982 through 1989, Essex Partnership
made distributions to IRA, THC, Connolly, and MHM as set forth in
the following table.
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