Milenbach v. Commissioner of Internal Revenue

318 F.3d 924 Sheldon R. MILENBACH; Phyllis Milenbach, et al.; Los Angeles Raiders, a California Limited Partnership, Allen Davis, Tax Matters Partner; Los Angeles Raiders, a California Limited Partnership, A.D. Football, Inc., Tax Matters Partner, Petitioners-Appellants, v. COMMISSIONER OF INTERNAL REVENUE, Respondent-Appellee. No. 97-70123. United States Court of Appeals, Ninth Circuit. Argued and Submitted October 9, 2002. Filed February 6, 2003. COPYRIGHT MATERIAL OMITTED COPYRIGHT MATERIAL OMITTED COPYRIGHT MATERIAL OMITTED Jerome B. Falk, Jr., Stuart S. Lipton, Douglas A. Winthrop, Clara J. Shin, Howard, Rice, Nemerovski, Canady, Falk & Rabkin, A Professional Corporation, San Francisco, CA, for the petitioners-appellants. Kenneth W. Rosenberg, Department of Justice, Tax Division, Washington, D.C., for the respondent-appellee. Appeal from the United States Tax Court. T.C. Nos. 1571-93, 1572-93, 1573-93, 1574-93, 12129-94 and 28514-92. Before: TASHIMA, THOMAS, and PAEZ, Circuit Judges. TASHIMA, Circuit Judge. 1 The Commissioner of Internal Revenue determined deficiencies in Petitioners-Appellants Sheldon and Phyllis Milenbach's federal income taxes for the years 1980…