- 7 - claiming $12,313 attributable to Oceanic Leasing XXXV, using the same EIN. Latta, who, along with Willner, executed the agreement referring to Oceanic Leasing XXXV, claimed Oceanic Leasing losses using EIN 94-2870681 on her individual return for 1986 without reference to "XXXV". The Form 1065 filed by Hardin attached a Schedule K-1 for Latta. Willner gave Hardin payments totaling approximately $79,000 from 1985 through 1989. Those payments included a check dated July 26, 1988, in the amount of $10,000 payable to Oceanic Leasing, without any Roman numeral designation. Willner received Oceanic Leasing checks in the amounts set forth below and bearing the indicated notations in the lower left corner: Date Amount Notation July 22, 1988 $20,701.42 Ocean. 35 Oct. 31, 1988 8,505.85 OL 35 Feb.6, 1989 11,462,57 OL 35 May 11, 1989 11,452.57 #35 July 24, 1989 1,215.00 #006 July 27, 1989 5,600.00 #035 Nov. 7, 1989 5,600.00 035 Nov. 13, 1989 5,597.47 None Feb. 2, 1990 11,452.47 #035 Apr. 25, 1990 8,195.97 #035 All of the checks bore the name and Sausalito address of Oceanic Leasing and were written on the same bank account. Willner believed that Hardin was completely in control of running the business of the partnerships and acquiesced in Hardin's conduct with respect to the partnerships.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Next
Last modified: May 25, 2011