- 9 - real estate developer and that he is currently employed as a real estate broker. Winer received a bachelor's degree in 1959 from Pennsylvania State University and attended St. Joseph's College and Temple University for advanced studies. Winer was identified in the Davenport offering as the TMP of Davenport. Winer had been involved with other tax shelter transactions before he became a promoter of the Plastics Recycling partnerships. He had been a syndicator of numerous coal tax shelters. The record does not contain information regarding how Winer initially became a promoter of the Plastics Recycling partnerships. D. Participants and Their Involvement With Davenport Participant Ernest C. Karras (Karras) acquired a 5.50- percent interest in Davenport in 1982 for a capital contribution of $50,000. The Schedule K-1 attached to Davenport's 1982 return showed that Karras had a partnership loss from Davenport of $39,231, and a basis for investment tax credits and energy credits of $385,000. The record does not include copies of participants' Federal income tax returns. Karras has a bachelor's degree in electrical engineering from the University of Illinois, has done postgraduate work in telecommunications and computer sciences, and has a master's degree in industrial management from DePaul University. At all times since 1982, Karras has been owner, president, and CEO of anPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011