Barbados 7 Ltd. v. Commmmissioner
United States Tax Court
Bajan, the sole general partner of three limited partnerships, Barbados Nos. 7, 8 and 9, was designated tax matters partner (TMP) for each of the limited partnerships on the 1983 partnership returns. On Aug. 1, 1985, Bajan filed a petition in bankruptcy under Chapter 11 of the Bankruptcy Code.
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Bajan, the sole general partner of three limited partnerships, Barbados Nos. 7, 8 and 9, was designated tax matters partner (TMP) for each of the limited partnerships on the 1983 partnership returns. On Aug. 1, 1985, Bajan filed a petition in bankruptcy under Chapter 11 of the Bankruptcy Code. On Jan. 5, 1987, Bajan executed extensions of the statute of limitations on behalf of the limited partnerships extending the time to issue notices of Final Partnership Administrative Adjustment (FPAA's). On June 22, 1987, duplicate original FPAA's were issued to two of the limited partnerships. On July…
1Opinion of the Court
Barbados # 7 Ltd., Bajan Services, Inc., Tax Matters Partner, et al., 1 Petitioner v. Commmmissioner of Internal Revenue, Respondent
Barbados # 7 Ltd. v. Commmmissioner
Docket Nos. 31399-87, 31400-87, 31401-87
United States Tax Court
92 T.C. 804; 1989 U.S. Tax Ct. LEXIS 52; 92 T.C. No. 47;
April 17, 1989; As corrected April 17, 1989, Filed
Orders denying petitioner's motions to dismiss for lack of jurisdiction will be issued in each docket. Orders granting petitioner's motions for summary judgment will be issued in each docket.
Bajan, the sole general partner of three limited partnerships, Barbados…
2Cases cited15 opinions
- Naftel v. CommissionerUnited States Tax Court · 1985
- R. H. Stearns Co. v. United StatesSupreme Court of the United States · 1934
- Espinoza v. CommissionerUnited States Tax Court · 1982
- Helvering v. SalvageSupreme Court of the United States · 1936
- Computer Programs Lambda, Ltd. v. CommissionerUnited States Tax Court · 1987
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