Forest L. Buckmaster - Page 3

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            1992 Form 1040, U.S. Individual Income Tax Return, using the                                 
            filing status of "Single".                                                                   
                  Petitioner has worked installing floors since 1968.  Before                            
            1990, he worked as a sole proprietor; for 1989, his sole                                     
            proprietorship reported gross receipts of $64,081 and net income                             
            of $29,236.  During 1992, petitioner purportedly installed floors                            
            in his capacity as general manager of a trust entitled Ideal                                 
            Management.  Ideal Management's sole beneficiary was purportedly                             
            Clark Co. (Clark), a foreign trust based in Gibraltar in 1992,                               
            and in Belize City, Belize, C.A., in 1990 and 1991.  Clark's sole                            
            beneficiary was purportedly Arlington Co. (Arlington), a                                     
            third-tier trust with a trustee named Dennis Smith.  The 1992                                
            business address and phone number of Arlington, Clark, and Ideal                             
            Management were listed respectively as petitioner's home address                             
            and petitioner's home phone number.  Clark did not file a Federal                            
            tax return, or pay Federal income tax, for any of the relevant                               
                  On or before April 3, 1989, petitioner paid $2,500 to the                              
            International Businessmen's Association (IBA) for documents to                               
            join Ideal Management.  Ideal Management was purportedly formed                              
            by Cache Properties, Unlimited (Cache), with the transfer of $100                            
            on January 12, 1989, and IBA's corepresentative at that time was                             
            Alex Yung.  Mr. Yung, who also was Ideal Management's first                                  
            trustee, was convicted of conspiring to defraud the United States                            
            by impeding, obstructing, and defeating the Internal Revenue                                 

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