- 5 - Jackson. In 1981, they acquired property at 1616 South Carolina and, in 1982, property at 2501 North 25th Street. During the years in issue, Tim Radder, a certified public accountant (C.P.A.), prepared petitioner and her husband's returns. Petitioner's husband's secretary would compile the information needed by the C.P.A. to complete the tax returns. Petitioner would compile the information relating to the expenses associated with her own real estate activities and any charitable contributions that she made. Petitioner would sign the return when her husband's secretary called to tell her the completed return was available. Petitioner testified that no one ever explained to her the different deductions or schedules on her tax return, nor did she ask anyone to explain the return or the deductions on it. Petitioner further testified, however, that no one prevented her from examining the returns in issue; instead, she simply chose not to examine them. Petitioner testified at trial that she had no knowledge of her husband's investments in either the Oxnard Properties or Progressive Properties partnerships. However, Sol Finkelman or a member of his accounting firm, petitioner, and Robert Somervill met for lunch or dinner, during which there was some discussion of the Oxnard Properties and Progressive Properties. Petitioner testified that she did not understand what was being discussed as to Oxnard Properties and Progressive Properties. Nonetheless,Page: Previous 1 2 3 4 5 6 7 8 9 10 Next
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