Ball v. Commissioner Internal Revenue Service

964 F.2d 890 69 A.F.T.R.2d 92 -1310, 92-1 USTC P 50,263 BALL, BALL AND BROSAMER, INC., Ball and Brosamer, J.V., a Joint Venture, Ball, Ball and Brosamer, Inc., Tax Matters Partner, Petitioners-Appellees, v. COMMISSIONER INTERNAL REVENUE SERVICE, Respondent-Appellant. No. 91-70047. United States Court of Appeals, Ninth Circuit. Argued and Submitted March 10, 1992. Decided May 14, 1992. Fielding H. Lane, Thelen, Marrin, Johnson & Bridges, San Francisco, Cal., for petitioners-appellees. Steven W. Parks, U.S. Dept. of Justice, Washington D.C., for respondent-appellant. Appeal from a Decision of the United States Tax Court. Before: REINHARDT, NOONAN and THOMPSON, Circuit Judges. DAVID R. THOMPSON, Circuit Judge: 1 In this appeal we consider the question whether profit on a construction contract should have been reported in 1983 instead of 1984 for federal income tax purposes under the completed contract method of accounting. 2 In 1982, the partnership of Ball, Ball and Brosamer, Inc., and Ball and Brosamer ("the partnership"), contracted with the Army to construct an extended runway, and perform related work, as part of a $500 million project for the construction of a space shuttle…