Gary L. Pierce - Page 25

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          disclosure statement to every form they filed with respondent,              
          confirms our belief that petitioners were not trying to pull the            
          wool over respondent’s eyes, but rather, that they were relying             
          on what they then believed to be sound tax advice from their                
          accountants, after having fully disclosed all relevant                      
          information to them.                                                        
               To reflect the foregoing,                                              

          Decisions will be entered                                                   
          under Rule 155.                                                             





























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Last modified: May 25, 2011