Condor International, Inc., N.K.A. Applied Resources, Inc. v. Commissioner Internal Revenue Service, Condor International, Inc., N.K.A. Applied Resources, Inc. James E. Welsh Nancy S. Welsh, Petitioners-Appellants/cross-Appellees v. Commissioner Internal Revenue Service, Respondent-Appellee/cross-Appellant

78 F.3d 1355

77 A.F.T.R.2d 96-1242, 96-1 USTC P 50,128,

96 Cal. Daily Op. Serv. 1537,

96 Daily Journal D.A.R. 2588

CONDOR INTERNATIONAL, INC., n.k.a. Applied Resources, Inc.,

Petitioner-Appellant,

v.

COMMISSIONER INTERNAL REVENUE SERVICE, Respondent-Appellee.

CONDOR INTERNATIONAL, INC., n.k.a. Applied Resources, Inc.;

James E. Welsh; Nancy S. Welsh,

Petitioners-Appellants/Cross-Appellees,

v.

COMMISSIONER INTERNAL REVENUE SERVICE,

Respondent-Appellee/Cross-Appellant.

Nos. 93-70513, 93-70526.

United States Court of Appeals,

Ninth Circuit.

Oct. 17, 1995.

Decided March 6, 1996.

Avram Salkin and James V. Looby,…