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, Hochman, Salkin and DeRoy, Beverly Hills, California, for petitioners-appellants-cross-appellees. Steven W. Parks and Gary R. Allen, Tax Division, United States Department of Justice, Washington, D.C., for respondent-appellee-cross-appellant. Appeal from a Decision of the United States Tax Court. Before: HUG, ALARCON, and LEAVY, Circuit Judges. LEAVY, Circuit Judge: 1 In this case we are called upon to review a decision of the United States Tax Court ("Tax Court") upholding the government's assessment of various taxes and penalties against a husband, his wife, and their…