Legal Opinion
Bassing v. United States
Court of Appeals for the Federal Circuit
Decided April 16, 2009No. 2008-5107PublishedCited by 5 opinions
1Opinion of the Court
BRYSON, Circuit Judge.
The question presented in this income tax refund case is whether the release of one partner’s obligation to restore a capital account deficit is a “partnership item,” as that term is used in the Tax Equity and Fiscal Responsibility Act of 1982 (“TEFRA”), Pub.L. 97-248, 96 Stat. 324. The Court of Federal Claims held that the release at issue in this case is most appropriately treated as a partnership item. We agree, and we therefore affirm.
I
The 1110 Bonifant Limited Partnership was organized in 1985 under Maryland law for the purpose of developing an office building in…
2Cases cited7 opinions
- Olson v. United StatesCourt of Appeals for the Federal Circuit · 1999
- Joseph Monti and Tita Monti v. United StatesCourt of Appeals for the Second Circuit · 2000
- Warren E. Halle Martha D. Halle, Partners Other Than the Tax Matters Partner, and Kingstowne L. P. v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1996
- Transpac Drilling Venture v. United StatesCourt of Appeals for the Federal Circuit · 1994
- Buckley v. CommissionerUnited States Tax Court · 1995
2 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- General Mills, Inc. and Subsidiaries v. United StatesUnited States Court of Federal Claims · 2015
- General Mills, Inc. v. United StatesCourt of Appeals for the Federal Circuit · 2020
- Leblanc v. United StatesUnited States Court of Federal Claims · 2009
- General Mills, Inc. and Subsidiaries v. United StatesUnited States Court of Federal Claims · 2015
- Levin v. United StatesDistrict Court, D. Maryland · 2017