American Principals Leasing Corporation Adams Partners, Ltd. Harrison Partner, Ltd. Jackson Partners Ltd. Lincoln Partners Ltd. Madison Partners Ltd. v. United States of America, Richard A. Baldwin Mearice E. Baldwin v. United States

904 F.2d 477 66 A.F.T.R.2d 90 -5012, 90-1 USTC P 50,292 , 20 Bankr.Ct.Dec. 909 , Bankr. L. Rep. P 73,422 AMERICAN PRINCIPALS LEASING CORPORATION; Adams Partners, Ltd.; Harrison Partner, Ltd.; Jackson Partners Ltd.; Lincoln Partners Ltd.; Madison Partners Ltd., et al., Plaintiffs-Appellants, v. UNITED STATES of America, Defendant-Appellee. Richard A. BALDWIN; Mearice E. Baldwin, Plaintiffs-Appellees, v. UNITED STATES of America, Defendant-Appellant. Nos. 88-6397, 88-6437. United States Court of Appeals, Ninth Circuit. Argued and Submitted June 9, 1989. Decided May 22, 1990. Robert A. Klayman, Caplin & Drysdale, Washington, D.C., for plaintiffs-appellees Baldwins. Frank E. Meredith, Bryan, Cave, McPheeters & McRoberts, Los Angeles, Cal., for the plaintiff-appellant American Principals Leasing Corp. Bruce E. Ellison, and Gary D. Gray, Tax Div., U.S. Dept. of Justice, Washington, D.C., for defendant-appellee-appellant. Appeal from the United States District Court for the Southern District of California. Before HUG, HALL and WIGGINS, Circuit Judges. WIGGINS, Circuit Judge: 1 American Principals Leasing Corporation (APLC) and twenty-four limited partnerships, debtors in a…