United States Tax Court, 2000

Fulcrum Fin. v. Commissioner

United States Tax Court · Decided March 8, 2000

2000 U.S. Tax Ct. LEXIS 70 (United States Reports)

Opinion

FULCRUM FINANCIAL PARTNERS, TURNER BROADCASTING SYSTEM, INC., A Partner Other Than the Tax Matters Partner, Petitioner, v. COMMISSIONER OF INTERNAL REVENUE, Respondent.

Docket No. 3944-96

United States Tax Court

2000 U.S. Tax Ct. LEXIS 70;

March 8, 2000, Entered

*70 Counsel for Petitioner: SUZANNE C. FEESE, King & Spalding, Atlanta, GA.

Special Trial Attorney: ROBERT J. SHILLIDAY, JR., Atlanta, GA.

Thomas B. Wells, Judge

WELLS

DECISION

Pursuant to Rule 248(b) of the Tax Court Rules of Practice and Procedure, it is

ORDERED AND DECIDED: That the following statement shows the adjustments to the partnership items of Fulcrum Financial Partners for the taxable year 1991.

Partnership Item	As Reported	As Determined

Short Term Capital Gain	$ 135,105,951	$ 81,063,571

It is stipulated that the Court may enter the foregoing decision pursuant to Tax Court Rule 248(b).

It is further stipulated that the undersigned Turner Broadcasting System, Inc., for the taxable year 1991, by executing this stipulation, consents to the entry of the foregoing decision in this case.

TURNER BROADCASTING SYSTEM, INC.,

A Partner Other Than the Tax Matters Partner

Date: 11/16/99

STUART L. BROWN

Chief Counsel

Internal Revenue Service

Case-law data current through December 31, 2025. Source: CourtListener bulk data.