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1. The Bauspar Program...................................56
2. Deterioration of Thompson/Kersting Relationship.......57
B. The Alexander Dispute....................................67
C. Collection Actions.......................................72
1. Steve Hane............................................72
2. Carl Mott, George Vermef, and Robert Peterson.........73
VI. Settlements..............................................74
A. Internal Revenue Service Policy..........................74
1. National Office Position..............................74
2. Regional Counsel......................................76
B. Official Kersting Project Settlement Offer (7-Percent
Reduction of Deficiency or Out-of-Pocket Expenses).......77
C. Deviations From Official Project Settlement Offer........78
1. Modified 7-Percent Settlement Offer...................78
2. 20-Percent Settlement Offer...........................80
3. Negotiations for 50-Percent Settlement Offer..........82
4. Revival of 20-Percent Settlement Offer................84
D. The Thompson Settlement..................................92
1. Initial Thompson Settlement Agreement.................92
2. First Revision of Thompson Settlement.................94
3. Second Revision of Thompson Settlement................98
E. The Cravens Settlement..................................100
F. The Alexander Understanding.............................106
G. The Kozak Decision......................................115
VII. Pretrial Developments...................................116
A. The Kersting Deposition--Postponed (January 1987).......116
B. John Doe Summons/Assessments of Promoter Penalties......118
C. Chicoine and Hallett's Withdrawal as Counsel............120
D. Mr. Izen's Entry of Appearance..........................120
E. The Kersting Deposition (October 1988)..................121
VIII. Trial of Test Cases (January 1989)......................123
A. Mr. Cravens.............................................124
B. Mr. Thompson............................................126
C. Mr. Kersting............................................129
D. Mr. Alexander...........................................130
E. Mr. DeCastro............................................133
F. Comfort Letters.........................................133
G. Mr. Izen's Introduction of Evidence of Collection
Litigation..............................................135
IX. Posttrial Developments..................................137
A. First Thompson Refund...................................137
B. Mr. Izen's Motion To Reopen Record......................141
C. Dixon II Opinion........................................142
D. Disclosure of Thompson Settlement.......................143
E. Disclosure of Cravens Settlement........................152
F. Respondent's Motions To Vacate..........................155
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Last modified: May 25, 2011